Identify the Four Parts of the Transaction Processing Cycle

question 100

Multiple Choice

Identify the four parts of the transaction processing cycle.

• A)data input,data storage,data processing,information output
• B)data input,data recall,data processing,information output
• C)data input,data recall,data transmission,information output
• D)data input,data recall,data transmission,data storage

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Definitions:

Functional Currency

A currency that an entity uses to conduct key aspects of its business operations, affecting how financial transactions and balances are denominated.

Dividends

Payments made by a corporation to its shareholder members, typically from profits earned.

Exchange Rates

The rate at which one currency is exchanged for another, affecting international trade and investments by determining how much one currency is worth in terms of another.

Foreign Subsidiary

A company that is based in a different country from the parent company but is owned or controlled by the parent company.