The document defines an information system as a collection of technical and human resources that provide storage, computing, distribution, and communication for information required by an enterprise. It notes that a management information system provides information for managing an enterprise. The key components of an information system are hardware, software, data, procedures, and people. It then describes the functions and advantages of information systems for businesses, including allowing users to access and understand information quickly to respond effectively. Finally, it outlines the steps to build and maintain an information system, including planning, design, development/testing, implementation, operations/maintenance, and maintenance/disposition.