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Questions and Answers
What are the characteristics of effective MIS?
What are the characteristics of effective MIS?
- Costly, flexible, slow, and unreliable
- Expensive, inflexible, slow, and unreliable
- Economical, rigid, fast, and unreliable
- Economical, flexible, fast, and reliable (correct)
What is the objective of MIS?
What is the objective of MIS?
- To provide data only to external stakeholders
- To provide accurate and timely data for management decision making (correct)
- To provide inaccurate and untimely data for management decision making
- To provide data only to lower-level employees
What are the benefits of effective MIS?
What are the benefits of effective MIS?
- Decreased efficiency, increased cost, and increased competitive advantage
- Increased efficiency, decreased cost, and decreased competitive advantage
- Increased efficiency, decreased cost, and increased competitive advantage (correct)
- Decreased efficiency, increased cost, and decreased competitive advantage
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Study Notes
- MIS provides information to decision makers to optimize resource interrelationships.
- MIS consists of information and a system with interacting parts.
- The objective of MIS is to provide accurate and timely data for management decision making.
- Effective MIS should be economical, flexible, fast, and reliable.
- Benefits of effective MIS include improved efficiency, cost reduction, and competitive advantage.
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