MIS is the study of information needs of a management at every level in making operational‚ tactical‚ and strategic decisions. Its aim is to design and implement machine procedures‚ processes‚ and routines that provide detailed reports in an accurate‚ consistent‚ and efficient manner. Most MISs are organized along the function lines of an organization. Typical functional management information systems include financial‚ manufacturing‚ marketing‚ human resources and other specialized systems. Each
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Advantages and Disadvantages of Sole Proprietorship Profits and Losses – Advantages: Proprietor receives all the profits because he or she takes all the risks. Disadvantages: Losses are not shared. Liability - Disadvantages: 1) The proprietor has unlimited liability. 2) If the firm is unable to pay its bills‚ the proprietor can be force to sell personal assets as well as the business to pay debts. Management – Advantages: 1) Decisions on starting and running the business can be made
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production process. The second is forward vertical FDI in which an industry abroad sells the foods of a firm ’s domestic production processes. Analysis of advantages and disadvantages of FDI In addition to FDI‚ the firms are also able to expand foreign market by means of exporting and licensing. Compared with exporting and licensing‚ the advantages of FDI for companies 1. Low transportation cost. As far as the firms which mainly adopt horizontal FDI are concerned‚ transportation cost must normally
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Advantages and Disadvantages of Social Networking Social networking sites have become extremely popular among the youth as well as the professional people. Keeping in mind‚ the growing popularity of these sites and the effect it has and the benefits that it brings along‚ it can be easily predicted that its popularity is sure to grow much more. The social networking websites are more like the virtual meeting places where people can just chill and hang out with friends. They
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easy‚ online examination has its advantages and disadvantages as well. The students who agree that online examination is good has many advantages. Online examination can make the student’s life easier because they don’t need any paper and pen to do the examination. Furthermore‚ online examination can be effective and efficient. The students don’t waste much time to answer the questions because they only click on the best answer that is provided. One other advantage of online examination is that we
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Advances in technology and science have changed lives of millions of people all around the world. They make people’s life easier and more convenient. For examples‚ people can talk to people from different countries on the Internet or buy things online. Today‚ many people like shopping online‚ some dislike. Shopping online has both advantages and disadvantages. Shopping online has three main advantages. First‚ shopping online is very convenient. People only use the computer to buy the things they
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a look at the advantages. I think that one key benefit to being around forever would be the experience gained during this eternity. Anything and everything on our list of "to-do"could be completed - whether that would be traveling to far-off destinations and around theworld‚ experiencing exotic tastefull foods or sleeping 20 hours a day.Another positive ‚ at least for most people ‚ would be the ability to experience the future. Aneternal being could experience the future technologies. With each new discovery that
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advantages and disadvantages of information technology in society advantages 1.more time: I.T has made it possible for businesses to be open 24/7 all over the globe‚ making purchases from different countries easier and more convenient.it also means that u can have goods delivered right to your doorstep with having to move a single muscle. 2.bridging the cultural gap: I.T has helped bridge the cultural gap by helping
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Some advantages to living in the country include these points: Clean Air‚ no neighbors‚ open spaces‚ quiet‚ birds‚ deer and other critters. You have to love nature to live in the country. No crime‚ and people are usually friendly. Some disadvantages to living in the country include these points: No shopping mall or large supermarket. Power outages occur more often and usually out in the country everything runs on electric‚ like a well pump so you can flush the toilet‚ so no power and therefore
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Write a 250-word response to each of the following questions: What are the advantages and disadvantages of social media? How might knowing these advantages and disadvantages alter how a person might use social media? One advantage of social media is the ability to stay connected to friends and family‚ especially those you may not see often. You can share photos and even host events which you can invite your friends to. Social media is also a good way to meet new friends and share interests with
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