Transaction Processing Refers To

question 60

Multiple Choice

Transaction processing refers to:

• A)systems that allow users to see how outcomes change when assumptions or data change.
• B)computations and calculations used to review and document human resources decisions and practices.
• C)systems that recommend actions the user can take based on the information provided.
• D)the set of topics on which a human resource information system collects and maintains information.
• E)computer systems that incorporate the decision rules of people deemed to have expertise in a certain area.

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Definitions:

Average Product

The output produced per unit of input, calculated by dividing total product by the number of units of input, often used to measure productivity.

Total Cost

The entire financial burden of producing a specific quantity of a good or service, including both fixed and variable costs.

Marginal Cost

The rise in overall expenses associated with producing an additional unit.

Total Revenue

Total revenue is the total amount of money generated by a business from the sale of its goods or services before any costs or expenses are subtracted.