Which System Is Used for Day-To-Day Business Operational Decisions

question 106

Multiple Choice

Which system is used for day-to-day business operational decisions?

• A) Transaction Processing System (TPS)
• B) Decision Support System (DSS)
• C) Executive Information System (EIS)
• D) None of the above

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Definitions:

ASPE

Stands for Accounting Standards for Private Enterprises, which are accounting guidelines for privately-held companies in certain jurisdictions, focusing on cost-effectiveness and simplicity.

Private Banks

refer to banking institutions that offer personalized financial and banking services to high net-worth individuals.

CICA Handbook

A comprehensive guide published by the Canadian Institute of Chartered Accountants providing accounting standards, guidelines, and procedures.

NFP

Stands for Not-For-Profit, referring to organizations that operate for purposes other than generating profit for owners or shareholders, focusing instead on charitable, educational, or social objectives.