If Real-Time Information Is Required by the Information System, Then

question 54

Multiple Choice

If real-time information is required by the information system, then the appropriate input processing mechanism is _____.

• A) back room processing
• B) batch processing
• C) off-line processing
• D) on-line processing
• E) real-time processing

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Definitions:

Income Statement Approach

An analytic method focusing on revenues and expenses to determine the net income of a business within a specific period.

Net Credit Sales

The total revenue from sales made on credit, minus any returns or allowances.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Uncollectible

denotes accounts receivable that cannot be collected and are therefore written off as a loss by a business.