Final answer:
The basic business system that supports operational level analysts and assists in making structured decisions is the Transaction Processing System (TPS). It is designed to handle daily business transactions and is a key component of a business's operational efficiency.
Step-by-step explanation:
The basic business system that serves the operational level (analysts) and assists in making structured decisions is the Transaction Processing System (TPS). Unlike Decision Support Systems (DSS) which are used for non-routine decision making, Executive Information Systems (EIS) which serve senior executives, or Enterprise Resource Planning Systems (ERP) that integrate a company's functions into a single system, TPS supports daily transaction operations of an organization. TPS is vital as it collects, stores, modifies, and retrieves the transactions of an organization. The importance of TPS in managing operations includes facilitating the real-time processing of transactions and ensuring that data is consistently processed and updated.
TPS systems are a key component of an efficient and effective business, as they support tasks that are essential for the smooth operation of business processes. This includes human software interactions in complex automated systems, and supports the decision-making processes of workers. An effective TPS ensures that operational-level tasks are managed quickly and accurately, which in turn supports the overall economic systems in which businesses operate.