Non-Typical Business Problems with Causes and Effects That Are Rapidly

question 17

Multiple Choice

Non-typical business problems with causes and effects that are rapidly changing are typically handled by which of the following types of information system?

• A)MIS
• B)TPS
• C)ESS
• D)DSS
• E)KMS

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Definitions:

Transaction

An economic event that involves a transfer of value between two or more entities, leading to a change in their financial position.

Trial Balance

An accounting report that lists the balances of all ledgers in two columns, debits and credits, ensuring that total debits equal total credits.

Debit Balances

Accounts with a balance that represents amounts owed or expenses; typically assets and expenses accounts.

Financial Statement Order

The sequence in which financial statements are prepared and presented, typically starting with the income statement, followed by the statement of financial position, and so on.