BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Human Resources
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Accounting
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Chief Information
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Telecommunications
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Detailed explanation-1: -An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve, and report its financial data so it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies.
Detailed explanation-2: -A transaction is an elementary activity conducted during business operations. Transaction processing systems (TPS) process the company’s business transactions and thus support the operations of an enterprise.
Detailed explanation-3: -Regulatory Agencies Various Government agencies and departments like Registrar of Companies, Company Law Board and Tax Authorities, etc. use accounting information. They not only require it as a basis for tax assessment but also in evaluating how well various businesses are operating under law related requirements.