Richard has started a new food business.He will have about 300 customers per day and receive supplies from 50 suppliers per month.In order to keep track of all of these various business transactions,he needs a system.What kind of system should Richard install?
A)MIS
B)DSS
C)cross-functional
D)TPS

Question

Quizplus · Accepted Answer

Richard needs a Transaction Processing System (TPS) to keep track of all the daily transactions such as customer orders, supplier orders, and payments. A TPS is a computerized system that records all transactions and stores them in a database. It is designed to process large volumes of data quickly and accurately. MIS (Management Information System) is used for decision-making by management, DSS (Decision Support System) helps in making strategic decisions, and Cross-functional systems are designed to integrate multiple business functions such as accounting, marketing, and operations. However, for Richard's food business, a TPS is the most appropriate choice.

Richard Has Started a New Food Business