Principles of Information Systems (MindTap Course List)
Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
Question
Chapter 1, Problem 10DQ
Program Plan Intro

Information system:

  • An information system is a system which provides the necessary information to an organization to achieve the goals.
  • It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to the customers.
  • The main components in the information system are people, data, procedures, hardware, and software.
  • The main function of information system is to accept and process the input data and then stores the retrieved information and distributes it across the organization.

Expert system:

  • It provides ability to make suggestions and function like an expert in a specific field.
  • It automates decision making.
  • It denotes a structured environment.
  • The alternatives are established in advance.
  • To inject expert knowledge into computer system.
  • It can replace human decision maker.

Explanation of Solution

Possibility of developing such a system:

  • “Yes”, it is possible to develop such a method for financial planning.
  • It is been developed as well as programmed for an optimistic implementation...

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