A management information system (MIS) is exactly the same as a transaction processing system (TPS); the two terms can be used interchangeably. True False

Statement is true

Explanation:

MIS or management information system is a software that gathers, processes or analysis and makes reports that aids managers in decision-making.

It helps in eliminating tedious task of doing all the above activities manually.

TPS or transaction processing system works more or less the same as MIS as it processes data and provides analyzed data as reports for managers to make crucial decisions.

So, both systems can be used used interchangeably.

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