In Contrast to a Real-Time System,in a Batch Processing System

question 86

Multiple Choice

In contrast to a real-time system,in a batch processing system

• A)there is a lag between the time when the economic event occurs and the financial records are updated
• B)relatively more resources are required
• C)a greater resource commitment per unit of output is required
• D)processing takes place when the economic event occurs

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Definitions:

Quantity Supplied

The total amount of a product that producers are willing to sell at a given price within a specific time frame.

Export

The act of sending goods or services from one country to another country for sale or trade.

Comparative Advantage

The ability of a country or individual to produce a particular good or service at a lower opportunity cost than others.

Production Possibilities

The different mixes of products and services that a country can generate considering its accessible resources and current technology.