Final answer:
In the context of software development, an application program may contain multiple transactions if it has various operations or steps that constitute separate units of work, like different banking activities within banking software.
Step-by-step explanation:
A single application program may encompass more than one transaction if it includes several transaction operations or steps. In the realm of computer science and software development, a transaction typically represents a sequence of operations performed as a single logical unit of work. If an application program has the capability to handle multiple units of work, each with its own set of operations, it can be considered as having more than one transaction.
For instance, in a banking software application, one transaction might involve checking an account balance, while another transaction could be transferring funds between accounts. Both these transactions could have multiple steps, such as authentication, updating records, and confirmation. These operations must all complete successfully; otherwise, the transaction will roll back to preserve data integrity.