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:

De Facto Corporation

A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.

Organization Meeting

An initial meeting held to complete the formation of an entity, where bylaws are adopted, officers elected, and other organizational matters decided.

Corporate Powers

The legal rights and authorities that a corporation possesses, including entering contracts, owning property, and conducting business activities.

Transfer Restriction

Legal limitations or conditions placed on the transferability of an asset or security.