In Contrast to a Batch Processing System,in a Real-Time System

question 25

Multiple Choice

In contrast to a batch processing system,in a real-time system

• A)a lag occurs between the time of the economic event and when the transaction is recorded
• B)relatively fewer hardware, programming, and training resources are required
• C)a lesser resource commitment per unit of output is required
• D)processing takes place when the economic event occurs

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Definitions:

Acceptor

The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.

Primarily Liable

Being the first or main party responsible for fulfilling an obligation or debt.

Notice Of Dishonor

A formal notification that a negotiable instrument, such as a check or promissory note, has been presented for payment and refused.

Severe Weather Warning

An advisory issued by meteorological organizations to inform the public of impending dangerous weather conditions.