Question

How can a transaction processing system help an organization’s management information system and decision-support system?

Answer 1

A transaction processing system (TPS) can provide accurate and timely data to an organization's management information system (MIS) and decision-support system (DSS). The TPS captures and processes transaction data, which can then be used by the MIS for day-to-day operations and the DSS for strategic decision-making.

Step-by-step explanation:

A transaction processing system (TPS) can help an organization's management information system (MIS) and decision-support system (DSS) by providing accurate and timely data that can be used to make informed decisions. The TPS captures and processes data from various transactions within the organization, such as sales, purchases, and inventory. This data can then be used by the MIS to generate reports and provide information to managers for day-to-day operations. Additionally, the DSS can utilize the data from the TPS to analyze trends and patterns, conduct forecasting, and support strategic decision-making.

Answer 2

Answer:A transaction processing system involves the collection,modification and retrieval of all transaction data.It allows for immediate feedback when it gets command from a user.Example of transaction processing system include ATM machine,online payment platforms ,accounting softwares and so many more

Transaction processing systems helps an organisation to process information and also make decision,.The system generates daily,monthly,quarterly and annual report.The report usually shows the financial strength and financial weakness of a business unit..The management team use this report to focus more on the area of the firm's weaknesses by making favourable decision.

Also,transaction processing system makes a firm's product expand all across the world.It is totally impossible for people in different countries to come down to a company's location.The system exhibits products on it's platform.At the end of the sales period,the system shows the country with the highest and lowest sales.This information helps the business unit to make decision on how to strengthen their marketing strategies.Therfore,it helps the company in making sales decision.

Step-by-step explanation: