Question: QUESTION 1 ( 2 0 MARKS ) 1 . 1 Define what a Transaction Processing System ( TPS ) is and explain its importance in

QUESTION 1(20 MARKS)1.1 Define what a Transaction Processing System (TPS) is and explain its importance in businessoperations. Also Outline and explain the 6 phases of the TPS cycle. Provide a brief example toillustrate each phase.

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