Final answer:
The correct sequence of statuses during transaction execution in a queue system is Pending, Processing, Error, Complete, Rejected, and Skipped. These statuses reflect the life cycle stages of transaction processing from initiation to completion or bypass.
Step-by-step explanation:
The correct sequence of statuses during the transaction execution of a Queue item is reflected in Option 2: Pending, Processing, Error, Complete, Rejected, Skipped. Here's a brief overview of each status:
- Pending - The transaction is ready to be processed, but has not started yet.
- Processing - The transaction is currently being executed by the system or an individual.
- Error - An issue has occurred during processing, requiring some form of intervention or correction before proceeding.
- Complete - The transaction has finished successfully without any errors.
- Rejected - The transaction has been reviewed and deliberately rejected due to certain conditions not being met or other business-related decisions.
- Skipped - The transaction was not processed either because it was not necessary or conditions for its execution were not met.