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A Transaction Processing System (TPS) is designed to handle large volumes of routine transactions efficiently. It captures, stores, and processes data generated from day-to-day operations, such as sales, payments, and inventory management. TPS ensures accuracy, reliability, and quick response times, making it essential for businesses that require consistent data handling and reporting.
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Which information system answers routine about business transactions?
transaction processing system
Which information system answers routine questions about daily business transactions?
transaction processing system
What information system answers routine questions about daily business transactions?
transaction proccessing system
What routine functions does a transaction processing system support?
TPS provides support to the monitoring, collection, storage, processing, and dissemination need for these routine business processes.
How does the POS system integrate credit card processing for seamless transactions?
The POS system integrates credit card processing by connecting to a payment gateway that securely processes credit card transactions. This allows customers to pay with their credit cards directly at the point of sale, ensuring seamless and efficient transactions.
What is a system call in computing?
System calls provide an interface between the process an the operating system. System calls allow user-level processes to request some services from the operating system which process itself is not allowed to d
What measures how quickly a system performs a certain process or transaction?
The measure that indicates how quickly a system performs a certain process or transaction is known as "throughput." Throughput quantifies the number of transactions or processes completed in a given time frame, often expressed as transactions per second (TPS) or similar metrics. Higher throughput indicates better performance and efficiency of the system in handling tasks.
Define financial system?
Financial system is the processes and procedures used by a firm's management to exercise financial control and accountability. These measures include ecording, verification and timely reporting of transactions that affect revenues, expenditures, assets and liabilities.
What are the benefits of using a cash back credit card processing system?
Using a cash back credit card processing system can provide benefits such as earning rewards on purchases, saving money on transactions, and simplifying accounting processes.
What is the difference between dss and tps?
DSS (Decision Support System) helps with analyzing data to make informed decisions, while TPS (Transaction Processing System) focuses on processing routine transactions efficiently. DSS is more strategic and helps with decision-making, while TPS is more operational and focuses on processing day-to-day transactions.
What is journalizing tranaction?
Journalizing transactions is the process of recording financial transactions in a company's accounting journal. Each transaction is documented with a date, accounts affected, amounts, and a brief description, adhering to the double-entry accounting system where debits equal credits. This step is crucial for maintaining accurate financial records and ensures that all transactions are systematically organized for future reference and reporting.
What is the purpose of business software automation?
The purpose of a business software automation is to speed up the business transactions and processes in order to reduce cost, minimise labour and man power by automating the system.
