A Disadvantage of Periodic Mode Systems Is

question 105

Multiple Choice

A disadvantage of periodic mode systems is

• A)online master data are only up to date right after the processing has been completed
• B)users can require on-demand reports from the system that are updated in real time
• C)query capability always exists to extract up to date data
• D)data is updated after every transaction

---

Definitions:

Forged Check

A forged check is a check that has been illegally altered or signed by someone other than the account holder, without authorization.

Bank Notification

A notification sent by a bank to its customers regarding updates, transactions, policies, or any other important information.

Litigation

Litigation is the process of taking a dispute to a court of law to be resolved through a lawsuit, including all the proceedings involved from filing to trial.

Stop-Payment Order

An instruction given to a bank by an account holder not to pay a specific check or payment that has been issued but not yet processed.