What type of processing occurs when processes run for a slice of time, then yield access to the CPU to another process, cycling through processes repeatedly?

Concurrent Processing

Explanation:

Concurrent processing is a computing model in which multiple processors execute instructions simultaneously for better performance. Concurrent means something that happens at the same time as something else. Tasks are broken down into sub tasks that are then assigned to separate processors to perform simultaneously, instead of sequentially as they would have to be carried out by a single processor. Concurrent processing is sometimes said to be synonymous with parallel processing.