In contrast to a real-time system, in a batch processing system a. relatively more resources are required b. there is a lag between the time when the economic event occurs and the financial records are updated c. processing takes place when the economic event occurs d. a greater resource commitment per unit of output is required

B) there is a lag between the time when the economic event occurs and the financial records are updated

Explanation:

Batch processing systems collect data together in a batch before the execution of the process, e.g. billing, generating reports. While real time processing happens immediately after the data has been entered, e.g. an ATM.

Batch systems usually postpone the data processing while real time processing is carried out without delay.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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