Exam (elaborations)
mod 10 (1)
- Institution
- Chapter 5: Time Value Of Money
Exam of 2 pages for the course Chapter 5: Time Value of Money at Chapter 5: Time Value of Money (mod 10 (1))
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mod 101. Transaction processing systems (TPS) capture and process the fundamental data about
events that affect the organization called _________________ that are used to update the
official records of the organization. - ANS-transactions
The essential characteristic of a(n) ________ transaction processing system is that it processes
transactions as they occur. - ANS-ONline
Which of the following is not one of the basic components of a TPS? - ANS-Analytical models
_______________ involves providing feedback regarding a potential data problem and enables
users to change the data. - ANS-Data correction
The specific business needs and goals of the organization define the method of transaction
processing best suited for the various application of the company. True or False? - ANS-True
Which of the following is not an objective of an organization's batch transaction processing
system? - ANS-Ensure that data is processed immediately upon occurrence of a business
transaction
Business data goes through a cycle that includes data collection, data ______________, data
correction, data processing, data storage, and documentation production. - ANS-editing
Unfortunately, there are few choices for software packages that provide integrated transaction
processing system solutions for small- and medium-sized enterprises. True or False? -
ANS-False
Capturing and gathering all the data necessary to complete the processing of transactions is
called _______________ - ANS-
An organization that implements an enterprise system is creating a highly integrated set of
systems, which can lead to many business benefits. - ANS-TRUE
The individual application modules included in an ERP system are designed to support
_________________, the most efficient and effective ways to complete a business process. -
ANS-
________________ software helps a company manage all aspects of customer encounters,
including marketing, sales, distribution, accounting, and customer service. - ANS-CRM
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