TRANSACTION PROCESSING SYSTEM

Question 1

Types of TPS

Answer 1

▪ Batch Processing System
▪ Real-Time Processing System
▪ Online Transaction Processing System

Question 2

Process of TPS

Answer 2

1. Input
   a. Manual Entry
   b. Automated Methods
2. Processing
   a. Real-time processing
   b. Batch processing
3. Storage
   a. Databases
   b. Cloud systems or local servers
4. Outputs
   a. Receipts, invoices, or confirmation emails
   b. Reports
   c. Inventory updates

Question 3

Key Features of TPS

Answer 3

▪ Rapid Processing
▪ Reliability
▪ Data Volume
▪ Atomicity
▪ Consistency
▪ Isolation
▪ Durability
▪ Automated processing
▪ Scalability

Question 4

Advantages of TPS

Answer 4

1. Efficiency
2. Accuracy
3. Ubiquitous
4. Audit trails
5. Global reach

Question 5

Disadvantages of TPS

Answer 5

1. Set up cost
2. Rigidity
3. Maintenance
4. Data security
5. Scalability constraints

Question 6

Examples of TPS

Answer 6

1. Point-of-Sale (POS)
2. Airlines Booking
3. Peer-to-peer (P2P) Payment

Question 7

Impact of TPS

Answer 7

▪ Digitalization of Global Commerce
▪ Inclusion in the Digital Economy
▪ Foundation of real-time global connectivity