This question appeared in the June 2015 exam. The following statements have been made about transaction processing systems and executive information systems:
(1) A transaction processing system collects and records the transactions of an organisation
(2) An executive information system is a way of integrating the data from all operations within the organisation into a single system
Which of the above statements is/are true?
Which of the following correctly describes a management information system?
Which of the following combinations describe the purposes of management information?
Which of the following statements is/are true?
(1) Enterprise Resource Planning (ERP) systems use complex computer systems, usually comprehensive databases, to provide plans for every aspect of the business.
(2) Enterprise Resource Planning (ERP) systems are accounting oriented information systems which aid in identifying and planning the enterprise wide resources needed to resource, make, account for and deliver customer orders.
Run-Smart Co manufactures sports clothing for professional athletes. Products are designed to prevent injury and aid the post-exercise recovery process. The company regularly seeks feedback from athletes regarding the effectiveness of products and recommendations to take forward.
Required
Explain which kind of marketing system the organisation has.
What can strategic management accounting provide information or guidance about to a business?