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Transaction processing system (TPS) Collects and stores a highly detailed report about every transaction for a given day The level of detail or summarization appropriate for a certain level of employee regardless of report type Output from an information system to facilitate decision-making A highly detailed and generated directly from the transaction processing system Analysis and predictive reports include information Forecast Budget Variance All of the above The purpose of business reports is to Predict trends Make decisions Reconcile differences Summarize Knowing that a downward slide in sales is due to a seasonal trend is an example of using Graphical analysis Critical thinking skills Customer feedback Management tools Which type of management decision requires specific actions? Predictive Strategic Departmental Tactical