Which one of the following statements is true?

A business information system is an IT device $($computer system$)$ that will make the relevant calculations on a range inputs to produce accurate and balanced number outputs.

A business information system is used by sales and purchase ledger managers to test and verify the accuracy of the business financial reports.

A business information system will indicate to executive management where internal competition is at its most intense in order that inventory, staffing and pricing decisions can be made.

A business information system will process data inputs to provide information outputs that can be used to support the decision$-$making requirements of entitled users.