Mba Solved Paper
MB0047 – Management Information Systems - (Book ID: B1136)
Assignment - Set- 1 (60 Marks)
Marks-60
Attempt each question. Each question carries 10 marks:
1. What is MIS? Define the characteristics of MIS? What are the basic Functions of MIS? Give some Disadvantage of MIS?
Answer :
A management information system is a system that provides information needed to manage organizations effectively. MIS involve three primary resources: technology, information, and people. Management information systems are regarded as a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product, service or a business-wide strategy
The characteristics of MIS are as follows:- 1. It supports transaction handling and record keeping. 2. It is also called as integrated database Management System which supports in major functional areas. 3. It provides operational, tactical, and strategic level managers with easy access to timely but, for the most, structured information. 4. It supports decision –making function which is a vital role of MIS. 5. It is flexible which is needed to adapt to the changing needs of the organization. 6. It promotes security system by providing only access to authorized users. 7. MIS not only provides statistical and data analysis but also works on the basis on MBO (management by objectives). MIS is successfully used for measuring performance and making necessary change in the organizational plans and procedures. It helps to build relevant and measurable objectives, monitor results, and send alerts. 8. Coordination: MIS provides integrated information so that all the departments are aware of the problem and requirements of the other departments. This helps in equal interaction of the different centers and connects decision centers of the organization.
Assignment - Set- 1 (60 Marks)
Marks-60
Attempt each question. Each question carries 10 marks:
1. What is MIS? Define the characteristics of MIS? What are the basic Functions of MIS? Give some Disadvantage of MIS?
Answer :
A management information system is a system that provides information needed to manage organizations effectively. MIS involve three primary resources: technology, information, and people. Management information systems are regarded as a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product, service or a business-wide strategy
The characteristics of MIS are as follows:- 1. It supports transaction handling and record keeping. 2. It is also called as integrated database Management System which supports in major functional areas. 3. It provides operational, tactical, and strategic level managers with easy access to timely but, for the most, structured information. 4. It supports decision –making function which is a vital role of MIS. 5. It is flexible which is needed to adapt to the changing needs of the organization. 6. It promotes security system by providing only access to authorized users. 7. MIS not only provides statistical and data analysis but also works on the basis on MBO (management by objectives). MIS is successfully used for measuring performance and making necessary change in the organizational plans and procedures. It helps to build relevant and measurable objectives, monitor results, and send alerts. 8. Coordination: MIS provides integrated information so that all the departments are aware of the problem and requirements of the other departments. This helps in equal interaction of the different centers and connects decision centers of the organization.