Chapter 10, Problem 4RQ

Program Plan Intro

Information system:

• An information system is a system which provides the necessary information to an organization to achieve the goals.
• It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to the customers.
• The main components in the information system are people, data, procedures, hardware, and software.
• The main function of information system is to accept and process the input data and then stores the retrieved information and distributes it across the organization.

Explanation of Solution

Examples:

• The examples of structured decision are shown below:
  • Operational control:
    • Accounts receivable
    • Order entry
    • Inventory control
  • Management control:
    • Budget analysis
    • Short-term forecasting
  • Strategic control:
    • Tanker fleet mix