Business Information Systems and Operational Excellence

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What is the primary function of hardware in a Management Information System (MIS)?

To store and manipulate data
To perform input, processing, and output activities (correct)
To manage organizational procedures
To develop application software

What is the primary purpose of application software in an MIS?

To manage databases
To manage hardware components
To support business operations and decision-making (correct)
To provide network connectivity

What enables electronic communication between computers and equipment in an MIS?

Telecommunications (correct)
Databases
Networks
The Internet

What is the most critical element in a Management Information System (MIS)?

People (D) Signup and view all the answers

What is the primary function of a database in an MIS?

To store and organize data (B) Signup and view all the answers

What determines how an MIS is used within an organization?

Procedures and policies (C) Signup and view all the answers

What is the primary purpose of setting up rules and relationships to organize data?

To generate valuable information (A) Signup and view all the answers

What is the consequence of an organization's information being inaccurate or incomplete?

Poor decision-making, potentially costing thousands or millions of dollars (D) Signup and view all the answers

What determines the importance of certain characteristics of valuable information?

The type of data needed (D) Signup and view all the answers

How is the value of information determined?

By how it helps decision-makers achieve their organization's goals (C) Signup and view all the answers

What is the result of using valuable information in an organization?

Improved decision-making and enhanced performance (B) Signup and view all the answers

What is the primary purpose of an Information System (IS)?

To support decision-making and achieve organizational goals (C) Signup and view all the answers

What is the primary function of the output component in an Information System?

Producing useful information in the form of documents and reports (C) Signup and view all the answers

What is an example of a manual Information System?

Investment analysts manually drawing charts and trend lines to assist in making investment decisions (B) Signup and view all the answers

What is the purpose of the feedback component in an Information System?

To provide a corrective reaction to meet an objective (B) Signup and view all the answers

What is the primary function of the processing component in an Information System?

Converting data into useful outputs (B) Signup and view all the answers

What is the primary function of the input component in an Information System?

Gathering and capturing raw data (B) Signup and view all the answers

What is an Information System?

A set of interrelated components that collect, manipulate, and disseminate data and information (C) Signup and view all the answers