Data Captured Using the Order Entry Transaction Processing System Is

question 62

Multiple Choice

Data captured using the order entry transaction processing system is used to:

• A)replicate a set of orders.
• B)process the refund for returned orders.
• C)create new orders.
• D)update a file of open orders.

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Definitions:

Progressive Tax

A taxation system where the tax rate increases as the taxable amount or income increases.

Proportional Tax

A tax system wherein the tax rate is fixed and applied uniformly to all taxpayers, regardless of their income level.

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.

Benefits Tax

A taxation principle where taxes are levied according to the benefits received by the taxpayer.