information which is used for further processing. That’s why managing information into a systematic way is important. Management Information System is the organization of data within the organization with the help of an information technology tool. MIS helps not only the internal operations of an organization but makes its external operations more efficient and beneficial. It helps with problem solving‚ control and decision-making of the organization‚ and provides data in the form of management reports
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COMPONENTS OF MANAGEMENT INFORMATION SYSTEM Hardware Input and output devices constitute the hardware components of MIS. Software The programs and applications that convert data into machine-readable language are known as software. Procedures Procedures are sets of rules or guidelines‚ which an organization establishes for the use of a computer-based information system. Personnel The computer experts‚ managers‚ users‚ analysts‚ programmers‚ database managers‚ and many other computer professionals
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Midterm 1 Review Questions 1. What is the inverse demand of QD = 20 – 4P? 2. If the demand function is QD = 20 – 4P and the government imposes a tax of $2 on consumers. What is the new demand curve? 3. What does the supply curve look like when there is a max quantity that can be supplied? 4. In the market for pizza what will happen if a. Worker’s wages increase. b. Income increases c. The price of cheese decreases. 5. The inverse demand for movies is P = 8 – (1/2)Q. Graph the demand curve.
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decisions and the decisionmaking process. • Assess how information systems support the activities of managers and management decision making making. • Demonstrate how decision-support systems (DSS) differ yp provide value to the business. from MIS and how they • Demonstrate how executive support systems (ESS) help senior managers make better decisions. • Evaluate the role of information systems in helping people working in a group make decisions more efficiently. 12.2 © 2010 by Prentice
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Module Five- Review Questions 1. What is communication? How does communicating relate to parenting? * Communication is any sharing between two (or more) people. Communication is related to parenting because communicating with your child is an important part of positive parenting and it helps guide and understand their child better. 2. How can financial issues affect parenting? * Financial issues can affect parenting because most families with financial problems or living in poverty
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Digestion Review Questions 1. Certain organisms are able to store energy from the Sun in energy-rich compounds. Which event best illustrates this activity? A) B) C) D) A fox captures and eats a young rabbit. A caterpillar is eaten by a blackbird. Lettuce produces organic substances. Bacteria change organic material into simple nutrients. 2. Which phrase is an example of autotrophic nutrition? A) B) C) D) a cow eating grass in a field a mushroom digesting a dead log an apple tree making its own
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Review Questions Chapter 2: What is a business case? How does a business case affect an IT project? A business plan that forecasts costs and revenues for a particular project over several years‚ especially to attract financing. It affects because it would say whether the IT project is good enough to go or should it be abandoned. So for any company can save money. What is a SWOT analysis and why is it important? A SWOT analysis is to study any factor affecting any company and
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Chapter 10 Review Questions 1. A market is customers who have the power to purchase. Without marketing research‚ an entrepreneur would have no idea what type of business venture to take on. 2. (1) Defining the purpose and objectives of the research- meaning that you will need to explain the informational requirements of the decision to be made accurately. (2) Gathering secondary data- involves using data that is already compiled. There are two forms‚ internal and external. (3) Gathering primary data-
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HOMEWORK QUESTIONS WEEK 4 3.) What are the parts of TCP/IP and what do they do? Who is the primary user of TCP/IP? TCP/IP is the transport/network layer protocol we use on the internet. Many BN’S‚ MAN’s and WAN’s rely on it. This is because it is relatively efficient‚ and transmission has few errors. Any errors that are found‚ are checked and so large files can be sent even in the most unsafe network and the data will still be unchanged. TCP/IP is very compatible with a number of data link protocols
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MIS Case Studies Case 1 SystemX Inc. Withdraws Rs. 1 Billion SoftGuide Acquisition Offer The following is an excerpt from a news article in the Daily Update‚ March 07‚ 2010 “SystemX Inc.‚ called off its acquisition of SoftGuide Knowledge Consultants‚ Friday‚ saying that 1 Billion was too high a price.” (SoftGuide has a considerable market share in Training and Development services and would therefore help SystemX to diversify and expand its range of services to customers.) “Although SystemX officials
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