Transaction Processing Systems (TPSs)can Be Designed So That the Flow

question 27

Short Answer

Transaction processing systems (TPSs)can be designed so that the flow of information from one system to another is automatic and requires no manual intervention or reentering of data.Such a set of systems is called a(n)_____.

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Definitions:

Shortage

A situation where the demand for a product exceeds the supply of that product, often leading to a temporary unavailability.

Excess Demand

A situation where the quantity demanded of a good or service exceeds the quantity supplied at the current price.

Shortage

A situation in a market where the demand for a product exceeds the supply, resulting in a lack of enough goods to satisfy consumer demand.

Surplus

Occurs when the quantity of a good or service supplied exceeds the quantity demanded, often resulting in a decrease in price.