The Type of Transaction Most Suitable for Real-Time Processing Is

question 105

Multiple Choice

The type of transaction most suitable for real-time processing is

• A)recording fixed asset purchases
• B)recording interest earned on long-term bonds
• C)adjusting prepaid insurance
• D)recording a sale on account

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Definitions:

Marshall Plan

A U.S.-initiated program providing massive financial aid to Western Europe after World War II to rebuild economies and prevent the spread of communism.

Communism

A political and economic ideology that advocates for a classless society in which all property is publicly owned, and each person works and is paid according to their abilities and needs.

European Economic Community

An economic organization that aimed to bring about economic integration among its member states, a precursor to the European Union.

Trade Barriers

Measures implemented by countries to regulate or restrict trade with other countries, including tariffs, quotas, and import bans, typically aimed at protecting domestic industries.