Answer:
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Answer:
Sorry, this is too vague to understand as you don’t have any charts, graphs, or anything
Explanation:
A transaction is a simple task carried out as part of corporate operations. Transaction processing systems (TPS) handle business transactions for the corporation, supporting overall enterprise operations.
A TPS creates papers pertaining to a non-inquiry transaction and records the transaction itself, together with all of its results, in the database.
Today, TPS are required for business operations in practically every firm. TPSs feed information into organizational databases; they also serve as the framework for management-oriented information systems. Source data automation frequently involves direct data entering. Electronic data interchange is being utilized by transaction processing systems more and more. These systems offer computer-to-computer communication without the need for repeated data entry by substituting paper documents with formatted transaction data sent over telecommunications networks.
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Answer:
B. False
Explanation:
Sarbanes-Oxley Act or SOX also known as the Public Company Accounting Reform and Investor Protection Act and Corporate and Auditing Accountability, Responsibility, and Transparency Act is a United State federal law that creates or modify requirements for U.S public company board, management and public accounting firm. some of its policies are meant for private companies as well.
This act does not restrict any electronic and paper data containing personally identifiable financial information.