Which of the following is/are FALSE? 1. Adding a new inventory item would updatega master file. 11. The data processing cycle is applicable to only computer-based systerns. III Duta about a tranaction typically updates a master file. IV. Sales transactions are typicaly updated using real-time processing. a. III III b. II. IV CL, IL, III d. 11,11 , N e All of the above are true statenents. ii. IiI Hitn Ail are FALSS statonests Ail are TRUE statemerts