A budget is one product of a management information system.

Question

Quizplus · Accepted Answer

A budget is a financial plan that sets forth an organization's financial goals and the resources it will allocate to achieve them. As such, it is one of the products of a management information system, which provides managers with the data they need to make informed decisions about how to allocate resources and achieve their objectives. Other products of a management information system might include financial reports, sales forecasts, and inventory tracking tools.

A Budget Is One Product of a Management Information System