The following statements have been made about transaction processing systems and executive information systems:(i)A transaction processing system collects and records the transactions of an organisation(ii)An executive information system is a way of integrating the data from all operations within the organisation into a single systemWhich of the above statements is/are true A: (i) only B: (ii) only C: Both (i) and (ii) D: Neither (i) nor (ii)

The natural unemployment rate________I. occurs when only there is no cyclical unemployment present.II. is the unemployment rate when the economy is at potential A: I only. B: II only C: neither I nor II. D: I and II

Which<br/>of the following statement/s regarding common law and equity is/are<br/>correct? () If the common law and equity conflict, then the common<br/>law prevails. () Equity was developed to introduce fairness() A: (i)<br/>only B: (ii) only C: Both (i) and (ii) D: Neither (i) or (ii)

Which of the following is/are NOT recorded as transactions in the receivables control account? A: i) only B: ii) only C: iii) only D: i), ii) and iii)

Which of the following statements is true about an aged receivables analysis? A: i) only B: ii) only C: i) and iii) D: i), ii) and iii)