Which of the Following Statements Is True

question 56

Multiple Choice

Which of the following statements is true?

• A)Batch processing ensures that stored information is always current.
• B)Batch input is more accurate than on-line data entry.
• C)On-line batch processing is a combination of real-time and batch processing.
• D)Batch processing is not frequently used.

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Definitions:

Competitive Price-Searcher

A market participant who must examine prices set by competitors to determine their own pricing strategy due to a lack of fixed market price.

Future

A term referring to events that have not yet occurred or the time period in which these events will happen.

Market

A place or system where buyers and sellers interact to exchange goods, services, or information, determining prices through supply and demand.

Competitive Market Economy

An economic system where businesses compete freely without undue interference, allowing supply and demand to determine prices and outputs.