Discuss and explain why you, as a manager of a supermarket, would use a transaction-processing system.
What will be an ideal response?
A transaction-processing system is an MIS designed to handle large volumes of routine recurring transactions. Bank managers use a transaction-processing system to record deposits into, and payments out of, bank accounts. Supermarket managers use a transaction-processing system to record the sale of items and to track inventory levels. More generally, most managers in large organizations use a transaction-processing system to handle tasks such as payroll preparation and payment, customer billing, and payment of suppliers. Student examples will vary but should include routine recurring transactions.
You might also like to view...
Which of the following is the correct formula for measuring a cost variance?
A) Cost Variance = (Actual Cost + Standard Cost) / Actual Quantity B) Cost Variance = (Actual Cost - Standard Cost) × Actual Quantity C) Cost Variance = (Actual Cost + Standard Cost) + Actual Quantity D) Cost Variance = (Actual Cost - Standard Cost) - Actual Quantity
Mesquite, Inc engaged in the following transactions during October: Performed services for cash $1,840 Performed services on credit 2,100 Purchased office supplies on account 800 Paid salaries in cash 900 Collected on account 600 Paid on account 400 What is the balance in cash after these transactions?
A) $940 B) $1,140 C) $740 D) $2,440
Making a choice between an inductive outline or a deductive outline is as important in writing an email message or memorandum as in writing a letter
Indicate whether the statement is true or false
A ________ is an instrument that gives the creditor a security interest in the debtor's property that is pledged as collateral.
A. guaranty B. note C. reconveyance D. deed of trust