Final answer:
A common type of transaction processing system is an Order entry system, which is used to process and manage customer orders. Other types include Executive information systems and Digital dashboards.
Step-by-step explanation:
A common type of transaction processing system is an Order entry system. This system is used to process and manage customer orders. It typically includes features such as inventory management, customer data management, and order fulfillment.
For example, when you place an order on an e-commerce website, the order entry system processes the transaction by updating inventory, generating an order confirmation, and initiating the shipping process.
Other types of transaction processing systems include Executive information systems which provide high-level information and analysis to top-level managers, and Digital dashboards which display real-time data and key performance indicators for monitoring business processes.