This Occurs When Data Is Processed at the Same Time

question 44

Multiple Choice

This occurs when data is processed at the same time the transaction occurs.

• A)Batch processing
• B)Group processing
• C)Real-time processing
• D)Consignment processing

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Definitions:

Annuity

An investment vehicle designed to provide a consistent payment flow to a person, often employed to secure a steady income for individuals in retirement.

Callable Bonds

Bonds that can be redeemed by the issued before their maturity date at a predefined calling price.

Fiscal Year

A 12-month period that a company or government uses for accounting purposes and preparing financial statements, not necessarily matching the calendar year.

Interest Payable

Interest payable is the amount of interest expense that has accumulated but not yet been paid by the company within a given accounting period.