Subject Name: Management Information system Date: 01 /02 /2011 Time: 10. 30 am – 01.00 pm Total Marks: 70 Instructions: 1. Attempt all questions. 2. Make suitable assumptions wherever necessary. 3. Figures to the right indicate full marks. Q.1 (a) Identify and discuss the major types of information systems that serve the main management groups within a business. What are the r elationships among these systems? 07 (b) You are advising the owner of “Sarthak Computer”‚ a new‚ local computer
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The aim of an information management strategy is to: A. Gain value from information resources. B. None of the above. C. Improve the quality of information resources. D. Protect information resources. E. Assign appropriate responsibilities for information resources. An information policy is typically aimed at improving: A. The utilization of data storage on servers. B. A culture of knowledge sharing. C. Errors from poor quality information. D. Opportunities from
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Chapter 2 Runing Case Assignment: Analyzing Financial Performance Software skills: Spreadsheet charts and formulas Business skills: Financial statement analysis As part of your analysis of the company for management‚ you have been asked to analyze data on Dirt Bikes’s financial performance. Review Dirt Bikes’s selected financial data in the Introduction to Dirt Bikes‚ which can be found at the Laudon Web site. There you will find Dirt Bikes’s income statement and summary balance sheet data
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Introduction In today business environment‚ Web 2.0 was created and became one of the accepted tools and most prominent business model for information system. As a second phase of web evolution‚ Web 2.0 has successfully transformed in online public commons from one-way communication (Web 1.0) to two-way communication which information is sharing for people around the world. (Laudon‚ Laudon‚ 2012) Web 2.0 has four defining features‚ which are interactivity‚ real-time user control‚ social participation
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Growing numbers of consumers shop online to purchase goods and services‚ gather product information or even browse for enjoyment. Online shopping offers wide range of products and services to fulfill consumers’ needs. The fast growing and diverse Internet population means that people having diverse tastes and purposes are now going to the Web for information and to buy products and services. Online shopping is a new concept in Bangladesh. Online shopping is now a growing phenomenon in both city and
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How are the information systems useful for decision making in the business organisations? Information Science and Libraries Questions Answers.com > Wiki Answers > Categories > Science > Social Sciences > Information Science and Libraries Business Decision MakingCorporate training materials to teach business decision making.www.corporatetrainingmaterials.com/ Ads Best Answer The objective of an MIS (Management Information System) is to provide information for decision making on planning
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STUDY GUIDE Forecasting- Who needs Forecast? Accounting‚ Finance‚ Operations‚ Human Resources‚ and Marketing Elements of a good Forecast: -Timely and allowing for the system to respond to the forecast. Sould cover a span of time that allows actions to be taken to meet the forecast. -Should be accurate (no forecast id 100% accurate). Should be reliable and used so that actual sales will not depart radically from the forecast. -Expressed in meaningful terms such as dollars‚ production planners
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Task 1. Management Information System (MIS) In my words‚ Management Information System is a digital‚ or computer based tool‚ which provides managers of all levels‚ as well as regular employees‚ with information crucial to perform their tasks more effectively. Management Information Systems are used especially by managers and they help them with different areas of their work: gathering needed information decision making feedback evaluation of processes Management Information Systems combine
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Answer: B 4) Legacy systems can prove problematic when information from multiple departmental systems is required to support business processes and decision making. Which of the following is most similar to the above scenario? A) Chuck’s is a retail chain that has an inventory management system which is tied to an RFID system. This system notifies Chuck’s managers when the inventory in its stores fall below a certain level. B) Quick Software Solutions has an automated system to track employee
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MANAGEMENT INFORMATION SYSTEM ( MIS) Introduction: The concept of the MIS has evolved over a period of time comprising many different facets of the organizational function. MIS is a necessity of all the organizations. The initial concept of MIS was to process data from the organization and present it in the for of reports at regular intervals. The system was largely capable of handling the datafrom collection to processing. It was more impersonal‚ requiring each individual to pick and choose
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