What Is Transaction Processing

question 40

Multiple Choice

What is transaction processing?

• A) The decision support system used to efficiently handle multiple transactions
• B) The posting and tracking of the detailed activities of a business
• C) The movement of paperwork through a system using a decision tree
• D) The scheduling of machinery to minimize time and scrap

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Definitions:

Replacement Order

This refers to the process of ordering new or additional equipment or parts to replace old or used ones in order to maintain operational efficiency.

Inventory Level

The quantity of goods or materials that a company holds at a given time, used to meet demand or production needs.

Derived Demand

The demand for a resource that results from the demand for the goods and services that the resource produces.

Long Delivery Times

Long Delivery Times refer to the extended period it takes for a customer to receive a product or service after placing an order, often due to manufacturing or logistical complexities.