The transaction cycle approach yields efficiencies when processing of a large number of transactions because
A)a large number of transactions within a given cycle can be categorized into a relatively small number of distinct types.
B)transaction cycles are easier to computerize.
C)the transaction cycle approach represents the natural order of business.
D)transaction cycles are easy to understand.

Question

Quizplus · Accepted Answer

The transaction cycle approach involves grouping similar transactions together into cycles, which reduces the number of unique types of transactions that need to be processed. This leads to greater efficiency and ease of processing, particularly when handling a large number of transactions. The other options may also be benefits of the transaction cycle approach, but they do not directly relate to its efficiency.

The Transaction Cycle Approach Yields Efficiencies When Processing of a Large