A Bank That Uses a Computer System to Record Deposits

question 37

Multiple Choice

A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a(n) :

• A) operations information system.
• B) transaction-processing system.
• C) expert system.
• D) group decision-support system.
• E) artificial intelligence system.

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Definitions:

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for over a specific period.

Inventory Turnover

A metric that displays the frequency at which a company's stock is sold and replenished during a certain timeframe.

COGS

The Cost Of Goods Sold; it represents the direct costs attributable to the production of the goods sold by a company.

Net Cash

Describes the amount of cash available after accounting for all cash inflows and outflows.