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CS Professional · Artificial Intelligence, Data Analytics and Cyber Security - Laws and Practice · Management Information Systems - An Overview

A firm's information system lets a finance manager change assumptions such as interest rate and sales growth and instantly view the effect on projected profit, for a semi-structured budgeting decision. Which statement correctly characterises this system?

It is a Decision Support System because it is interactive, model-based and allows what-if analysis on changed assumptions, helping managers with semi-structured decisions, whereas an MIS only supplies fixed, predefined, periodic reports.

  1. AIt is a Decision Support System, interactive and model-driven, supporting semi-structured decisionsCorrect
  2. BIt is a Transaction Processing System because it uses financial figures
  3. CIt is an Office Automation System because it uses spreadsheets
  4. DIt is an MIS because it produces fixed periodic reports without user interaction

Explanation

A DSS is interactive, uses models and what-if analysis for semi-structured problems. An MIS gives predefined periodic reports without such manipulation, so that option is wrong.

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