Batch Control Plans Regulate Information Processing by Calculating Control Totals

question 132

True/False

Batch control plans regulate information processing by calculating control totals at various points in a processing run and subsequently comparing those totals.

---

Definitions:

Negative Savings

A situation where spending exceeds income, resulting in a deficit rather than savings.

Price Ceiling

A legally established maximum price that can be charged for a good or service, typically set by government.

Shortage

A situation where the demand for a product or service exceeds the available supply at a particular price.

Equilibrium Price

The market price at which the quantity demanded of a good equals the quantity supplied.