Final answer:
Information systems are designed to collect, process, store, analyze data, and report information, supporting decision-making with various data types and reporting formats, and can often be analyzed using traditional software tools.
Step-by-step explanation:
The correct statement about information systems is that they collect, process, store, and analyze data, and report information. This is a comprehensive view of the purpose and functions of information systems in organizations and various fields. These systems are not limited to capturing only financial data nor do they report information in a standard format only. The flexibility and capability of information systems allow for a wide array of data types and reporting formats to support decision-making processes. Moreover, while certain specialized data analysis might need more advanced software tools, many information systems are designed to be user-friendly and can be analyzed using traditional software tools.