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How TPS different from MIS?

Updated: 9/11/2023
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Management Information System (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management Accountants to solving business problems such as costing a product, service or a business-wide strategy. Management Information Systems are distinct from regular information

systems in that they are used to analyze other information systems applied in operational activities in the organization DSS is a computerized system used for supporting, rather than automating, decisions. A decision is a choice between alternatives based on estimates of the values of those alternatives. Supporting a decision means helping people working alone or in a group gather intelligence, generate alternatives and make choices. Supporting the choice-making process involves supporting the estimation, the evaluation and/or the comparison of alternatives. In practice, references to DSS are usually references to computer applications that perform such a supporting role.

A Transaction Processing System (TPS) is a type of information system. TPSs collect, store, modify, and retrieve the transactions of an organization. A transaction is an event that generates or modifies data that is eventually stored in an information system.

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Management information systems (MIS) typically focus on providing information and data to support managerial decision-making and improve organizational processes. They encompass a range of activities including data collection, analysis, and reporting to help managers at various levels of an organization make informed decisions. MIS scope also includes implementing and maintaining technology systems to support these activities.


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