Transaction Processing Is Real-Time Means (Choose the Most Appropriate Answer)

question 14

Multiple Choice

Transaction processing is real-time means (choose the most appropriate answer)

• A)An inventory receipt will show up as soon as it is received, but it could be in the pending approval category.
• B)A production batch completion will be transmitted to all appropriate tables as soon as it is entered.
• C)A customer could call into the order desk to know the status of the order
• D)A customer could know the status of his or her balance with the firm as soon as he/she mails the check.
• E)A, B and C only.

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Definitions:

Consumer Debt

Consumer debt is a type of financial obligation that arises from the purchase of goods that are used for personal, family, or household purposes.

Credit Card Companies

Businesses that issue credit cards to consumers, facilitating electronic payment transactions and extending credit.

Bankruptcy

A judicial process relating to an individual or company that cannot settle their due obligations.

Chapter 11 Reorganization

Chapter 11 Reorganization refers to a provision under the U.S. bankruptcy code that allows a business to restructure its debt and operations in order to return to profitability under court supervision while continuing to operate.