Amanagement information system (mis) typically provides standard reports generated with data and information from a transaction processing system (tps) or enterprise resource planning (erp) system. true or false?

True

Explanation:

It is true that management information system (MIS) typically provides standard reports generated with data and information from a transaction processing system (TPS) or enterprise resource planning (ERP) system. ion processing system

By the definition of management information system it includes transaction processing system because management information system (MIS) is a data generating or gathering process which serves as the backbone of an organization’s operations by gathering data from multiple sources, analyzes information, and presents data in a form that it aids managerial decision making.

Hence, the major areas of management information systems are:

1. Transaction Processing System. ( which includes: Payroll System, Order Processing System, Stock Control System) .

2. Decision Support System.

3. Expert Systems and Artificial Intelligence.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.