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

question 25

Multiple Choice

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

• A)a lag occurs between the time of the economic event and when the transaction is recorded
• B)relatively fewer hardware, programming, and training resources are required
• C)a lesser resource commitment per unit of output is required
• D)processing takes place when the economic event occurs

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Definitions:

Budgeted Rates

Projected costs or expenses associated with specific activities or operations, used for budgeting and planning purposes.

Actual Rates

The current, real-time rates or prices for services, goods, or financial products in the market.

Transfer Price

The price at which goods or services are traded between divisions within the same company.

Internal Transfers

Internal transfers involve the movement of assets, funds, or resources from one part of an organization to another. This can include financial transactions or the reallocation of personnel and materials within the company.