A Computerized System That Performs and Records the Daily Activities

question 15

Multiple Choice

A computerized system that performs and records the daily activities necessary to conduct business is classified as a(n) :

• A) executive support system.
• B) management-level system.
• C) decision support system.
• D) transaction processing system.
• E) business intelligence system.

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Definitions:

Bank Reconciliation

The process of matching and comparing a company's financial records with those of its bank statements to ensure consistency and accuracy.

Bad Check

A check that cannot be processed because the issuer has insufficient funds or the account is closed.

Bank Customers

Individuals or entities that utilize the services provided by a bank, such as saving accounts, loans, and investment advice.

Credit Balances

Balances in financial accounts that represent amounts owed to others, typically indicating a surplus in accounts like liability and revenue accounts.