1.8-3 Types of Info Systems

Question 1

Transaction Processing System

Answer 1

TPS:
Day-to-day operations like:
- Payroll
- Sales
- AP
- Inventory Accounting

Entering raw data into the system, used for Essential Business Operations

Question 2

Online Analytical Processing

Answer 2

OLA:
Tactical & Strategic Level using aggregated data from internal TPS + external

This analysis is referred to as Business Intelligence (BI)

Question 3

Decision Support System

Answer 3

DSS:
Tactical & Strategic making decisions
complex in nature:
- For new situations 
- Speculation

Question 4

Goal Seeking Analysis

Answer 4

Identifies the quantity of inputs needed to generate a certain level of output