An Electronic Processing System Can Be Used

question 1

Multiple Choice

An electronic processing system can be used

• A) only in a batch environment.
• B) with real-time, on-line processing.
• C) in either a batch or real-time, on-line processing environment.
• D) in situations where documentation is not a priority.

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Definitions:

Savings

The portion of income not spent on current consumption or taxes, instead set aside for future use or investment.

Disposable Income

The money households have for spending and saving after subtracting income taxes.

Disposable Income

The amount of income left for spending or saving after taxes have been paid.

C + I

Represents the sum of consumer spending (C) and investment spending (I) in an economy's GDP formula.