A Transaction Processing System (TPS)is the Basic Business System That

question 75

Multiple Choice

A transaction processing system (TPS) is the basic business system that assists operational level analysts when making structured decisions.Which of the below is not an example of a TPS?

• A)Target's internal company payroll system
• B)Comfort Dental patient diagnosis system
• C)First Bank's overall accounting system
• D)Stewart Sport's order entry system

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Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Dishonored

Refers to a financial instrument, such as a check or promissory note, that has not been paid upon presentation because of insufficient funds or other reasons.

Interest Revenue

Income received from investments in bonds, loans, or other interest-bearing instruments, representing the compensation for lending funds or capital.

Maturity Date

The specific date on which the principal amount of a bond, loan, or other financial instrument is scheduled to be repaid.