Annual budgeting and inventory control fall under the domain of which type of system?

Annual budgeting and inventory control are typically associated with Management Information Systems (MIS). This is because MIS is designed to help organizations manage their operations by collecting, processing, and providing information necessary for decision-making. MIS systems facilitate the timely and efficient production of reports that are essential for budgeting activities, as well as tracking inventory levels and costs.

In the context of budgeting, MIS supports financial planning by organizing data about revenues and expenses, producing forecasts, and enabling companies to create budgets that align with their strategic goals. When it comes to inventory control, MIS tracks inventory levels, orders, sales, and deliveries, thereby helping organizations maintain optimal inventory levels to meet demand while minimizing carrying costs.

While other systems like Decision Support Systems (DSS) may assist in complex decision-making by analyzing data and providing analytical tools, the routine and standardized nature of budgeting and inventory management closely aligns with the characteristics of an MIS. This makes it the most applicable system for these functions.