With _____, Business Transactions Are Accumulated Over a Period of Time

question 61

Multiple Choice

With _____, business transactions are accumulated over a period of time for processing in a single unit.

• A) online transaction processing systems
• B) real-time transaction processing systems
• C) on-demand processing systems
• D) batch processing systems

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Definitions:

Laissez-Faire

Laissez-faire is an economic philosophy advocating for minimal government intervention in the market, with transactions between private parties being free from tariffs, subsidies, and enforced monopolies.

Government Interference

Actions by the government that affect the market, often with the intention of correcting market failures or achieving a social objective.

Full Employment

A situation where all available labor resources are being utilized in the most economically efficient way, with no involuntary unemployment.

Property Rights

Legal rights to possess, use, and dispose of assets including physical, intellectual, and real property.