A Type of Transaction Processing System That Consists of a Set

question 26

Multiple Choice

A type of transaction processing system that consists of a set of integrated business applications,or modules,to carry out most common business functions (such as inventory control,general ledger accounting,accounts payable,order processing,etc.) is called a(n) :

• A) distributed system.
• B) client/server system.
• C) enterprise resource planning system.
• D) group support system.

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Definitions:

Profitability

A measure of the efficiency of a company in generating profit, calculated as net income divided by revenue, indicating financial health and operational effectiveness.

Liquidity

The ease with which an asset, or security, can be converted into ready cash without affecting its market price.

Expenses Incurred

Costs that have been realized during the course of a business operation or activity.

Net Income

The amount of money remaining after all operating expenses, taxes, and interest have been deducted from total revenue.