Which of the following is NOT a purpose of the transaction processing system? a. managing and reporting on the status of financial investments b. converting economic events into financial ...

Which of the following is NOT a purpose of the transaction processing system?

a. managing and reporting on the status of financial investments

b. converting economic events into financial transactions

c. distributing essential information to operations personnel to support their daily operations

d. recording financial transactions in the accounting records

Expert Solution

The correct answer is:

a. managing and reporting on the status of financial investments.

Explanation:

Managing and reporting on the status of financial investments is typically not a direct purpose of the transaction processing system. Transaction processing systems are primarily responsible for converting economic events into financial transactions, recording financial transactions in the accounting records, and distributing essential information to operations personnel to support their daily operations. Managing and reporting on financial investments usually involve specialized systems like portfolio management systems rather than transaction processing systems.

The correct answer is:

a. managing and reporting on the status of financial investments.

Junaid answered 10 months ago

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