BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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transaction processing systems
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management information systems
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decision support systems
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executive support systems
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Detailed explanation-1: -Transaction processing systems provide functions for use in custom business applications, including functions to access data, to perform intercomputer communications, and to design and manage the user interface.
Detailed explanation-2: -A Transaction Processing System (TPS) is a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise. Transaction processing systems also attempt to provide predictable response times to requests, although this is not as critical as for real-time systems.
Detailed explanation-3: -TPS tracks daily routine transactions that are essential to conduct business. MIS makes heavy use of data from TPS though it also utilizes data from other sources. MIS stands for Management Information System and helps in controlling, monitoring and decision making at the middle level management.
Detailed explanation-4: -The three main types of Transaction Processing Systems include order processing, accounting, and purchasing.