The Lebanese ministry of finance has recently announced a new regulation regarding how to control and calculate the companies due taxes. According to this announcement companies must use a special software application to link their data (balance sheets and other tax related information) online with the ministry. Since then, most of the companies have adopted "Tax-Pro", a system designed specifically for such activities and approved by the ministry. "Tax-Pro' can access and extract all the company's data, already existed on other systems, and then produce many periodic reports like monthly, quarterly, and end- of-year balances, plus various taxation accounts. The main purpose of the system is to control and monitor all tax-related information of these companies. "John', the manager of one of the companies using "Tax-Pro", suggested that the system must include a portal for more analytical power, mainly to get a real-time view of the company's key financial performance indicators compared with market and competitors information. Which type of systems is suggested by John? * ESS TPS ERP KMS
The Lebanese ministry of finance has recently announced a new regulation regarding how to control and calculate the companies due taxes. According to this announcement companies must use a special software application to link their data (balance sheets and other tax related information) online with the ministry. Since then, most of the companies have adopted "Tax-Pro", a system designed specifically for such activities and approved by the ministry. "Tax-Pro' can access and extract all the company's data, already existed on other systems, and then produce many periodic reports like monthly, quarterly, and end- of-year balances, plus various taxation accounts. The main purpose of the system is to control and monitor all tax-related information of these companies. "John', the manager of one of the companies using "Tax-Pro", suggested that the system must include a portal for more analytical power, mainly to get a real-time view of the company's key financial performance indicators compared with market and competitors information. Which type of systems is suggested by John? * ESS TPS ERP KMS
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Management Information Systems
![The Lebanese ministry of finance has recently announced a new regulation regarding how to control and
calculate the companies due taxes. According to this announcement companies must use a special
software application to link their data (balance sheets and other tax related information) online with the
ministry. Since then, most of the companies have adopted "Tax-Pro", a system designed specifically for
such activities and approved by the ministry. "Tax-Pro" can access and extract all the company's data,
already existed on other systems, and then produce many periodic reports like monthly, quarterly, and end-
of-year balances, plus various taxation accounts. The main purpose of the system is to control and
monitor all tax-related information of these companies.
"John", the manager of one of the companies using "Tax-Pro", suggested that the system must include a
portal for more analytical power, mainly to get a real-time view of the company's key financial performance
indicators compared with market and competitors information.
Which type of systems is suggested by John? *
ESS
O TPS
ERP
O KMS](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb976acd3-44e7-4499-8076-56695e1d3aec%2Fc81c9c1c-ced2-414e-9efa-bcde8e49dcf1%2Fhvj640u_processed.png&w=3840&q=75)
Transcribed Image Text:The Lebanese ministry of finance has recently announced a new regulation regarding how to control and
calculate the companies due taxes. According to this announcement companies must use a special
software application to link their data (balance sheets and other tax related information) online with the
ministry. Since then, most of the companies have adopted "Tax-Pro", a system designed specifically for
such activities and approved by the ministry. "Tax-Pro" can access and extract all the company's data,
already existed on other systems, and then produce many periodic reports like monthly, quarterly, and end-
of-year balances, plus various taxation accounts. The main purpose of the system is to control and
monitor all tax-related information of these companies.
"John", the manager of one of the companies using "Tax-Pro", suggested that the system must include a
portal for more analytical power, mainly to get a real-time view of the company's key financial performance
indicators compared with market and competitors information.
Which type of systems is suggested by John? *
ESS
O TPS
ERP
O KMS
![The Lebanese ministry of finance has recently announced a new regulation regarding how to control and
calculate the companies due taxes. According to this announcement companies must use a special
software application to link their data (balance sheets and other tax related information) online with the
ministry. Since then, most of the companies have adopted "Tax-Pro", a system designed specifically for
such activities and approved by the ministry. "Tax-Pro" can access and extract all the company's data,
already existed on other systems, and then produce many periodic reports like monthly, quarterly, and end-
of-year balances, plus various taxation accounts. The main purpose of the system is to control and
monitor all tax-related information of these companies.
"John", the manager of one of the companies using "Tax-Pro", suggested that the system must include a
portal for more analytical power, mainly to get a real-time view of the company's key financial performance
indicators compared with market and competitors information.
Which strategic objective is achieved by the companies through using "Tax-Pro"
information system? *
Competitive advantage
Better decision making
Survival
Customer & Supplier intimacy](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb976acd3-44e7-4499-8076-56695e1d3aec%2Fc81c9c1c-ced2-414e-9efa-bcde8e49dcf1%2Fxnqjfka_processed.png&w=3840&q=75)
Transcribed Image Text:The Lebanese ministry of finance has recently announced a new regulation regarding how to control and
calculate the companies due taxes. According to this announcement companies must use a special
software application to link their data (balance sheets and other tax related information) online with the
ministry. Since then, most of the companies have adopted "Tax-Pro", a system designed specifically for
such activities and approved by the ministry. "Tax-Pro" can access and extract all the company's data,
already existed on other systems, and then produce many periodic reports like monthly, quarterly, and end-
of-year balances, plus various taxation accounts. The main purpose of the system is to control and
monitor all tax-related information of these companies.
"John", the manager of one of the companies using "Tax-Pro", suggested that the system must include a
portal for more analytical power, mainly to get a real-time view of the company's key financial performance
indicators compared with market and competitors information.
Which strategic objective is achieved by the companies through using "Tax-Pro"
information system? *
Competitive advantage
Better decision making
Survival
Customer & Supplier intimacy
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