Important Points for IC 89 - Management Accounting Exam
Page 39 Of 54
Go to:
A system which operates in a predictable manner is termed as Deterministic system.
Probabilistic system can be described in terms of probable behavior and result with the probability of certain degree of error in the system.
MIS is defined by Davis and Olson as "an integrated user-machine system designed for providing information to support operational control, management control, and decision making functions in an organisation".
All business activities involves transactions and these transactions need to be planned, programmed organised, managed, administered and manipulated with proper information system so as to manage the organisation according to the corporate plans and targets. The systems related with the transactions are called Transaction Process System.
DSS is aimed at assisting management in solving problem of unique or non-routine nature, It helps the manager to identify problem in advance, find alternative methods or ways in solving the problem and then selecting the best method of solving the problem.
MODELEXAM® 
www.realsoftinfoplan.com