Final answer:
Based on the options provided, the correct answer is b. the administrative cycle is not included in the Transaction Processing System.
Step-by-step explanation:
A Transaction Processing System (TPS) is a type of information system that processes the transactions of an organization, such as sales, purchases, and payments. It includes several cycles that perform specific functions. The cycles typically found in a TPS include the revenue cycle, administrative cycle, expenditure cycle, and conversion cycle.
The revenue cycle involves all the activities related to the generation and collection of revenue, such as sales, invoices, and cash receipts. The administrative cycle includes tasks related to the overall management and control of the organization, such as budgeting, planning, and reporting. The expenditure cycle deals with the organization's purchases, payments, and other financial transactions related to expenses. The conversion cycle covers the physical operations of transforming inputs into finished goods or services.
Therefore, based on the options provided, the correct answer is b. the administrative cycle is not included in the Transaction Processing System.