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Are You a Master of Management Information Systems?

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Are You a Master of Management Information Systems?

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Questions and Answers

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?

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?

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

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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Description

"Mastering MIS: Test Your Knowledge on Management Information Systems" Are you familiar with the essential components of Management Information Systems (MIS)? Test your understanding of MIS, its objectives, and benefits with this quiz. From accuracy to flexibility, explore the characteristics of effective MIS that can optimize resource interrelationships and provide valuable insights for decision-making. Challenge yourself and see how much you know about this critical business tool.