Question

Grouping and processing all of a firm's transactions at one time is called

Answer 1

grouping and processing all of the firm's transactions at the same time is known as Batch Processing.

It is a computer generated programme that takes in input from multiple tasks and parameters which are preset, and produces a combined result output.

They are of paramount importance in keeping track of a firm's activities during a particular period.

Answer 2

Grouping and processing all of a firm's transactions at one time is known as "Batch Processing".

For batch processing, no user interface is required, once the batch processing is underway. For large enterprises, batch processing has become a normal way of data compilation, organisation and report generation. Batch processing jobs are run on regularly scheduled times or whenever needed. For example, bills for utilities and other services received by consumers are typically generated by batch processing each month. Batch processing is beneficial because it is a cost-effective means of handling large amount of data at once.