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What Captures Transaction and Event Information Using Technology to (1)

question 62

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What captures transaction and event information using technology to (1) process the information according to defined business rules, (2) store the information, and (3) update existing information to reflect the new information?

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Definitions:

Cost Savings

The reduction in costs achieved through efficiency improvements, strategic purchase, or avoiding unnecessary expenses.

CCA Class

In Canadian taxation, a classification system for capital assets that determines the rate at which they can be depreciated.

Annual Operating Costs

The total expenses associated with running a business or operating a piece of equipment over one year.

Equivalent Annual Cost

A financial analysis tool used to compare the cost efficiency of two or more investments or projects with different lifespans by normalizing their costs on an annual basis.

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