Q. What is crucial to justify the costs in procuring information?

View solution

Q. What was the predominant type of information system before the advent of computers and information technology?

View solution

Q. How has information management evolved in the age of information technology and computers?

View solution

Q. What is the primary advantage of automated (computerized) systems in business organizations?

View solution

Q. How does an open system defined in the context of MIS in insurance business?

View solution

Q. What characterizes a closed system in the context of information systems?

View solution

Q. How is a deterministic system defined in the context of MIS in insurance business?

View solution

Q. What is the primary focus of Transaction Process System (TPS) in business organizations?

View solution

Q. What characterizes MIS in the context of an organization's information system?

View solution

Q. According to Davis and Olson, how is MIS defined?

View solution

Q. What is the primary focus of Decision Support System (DSS) in assisting management?

View solution

Q. In what situations is DSS particularly useful and important?

View solution

Q. What is the primary orientation of an effective Management Information System (MIS)?

View solution

Q. Why is management involvement crucial in the development of an MIS?

View solution

Q. What does an integrated MIS entail?

View solution

Q. How does an integrated information system contribute to effective management?

View solution

Q. What is the typical duration for infusing consistency and effectiveness into a Management Information System (MIS)?

View solution

Q. Why is a long-term planning element essential for MIS?

View solution

Q. How does a common and computerized database contribute to an effective MIS?

View solution

Q. What is the significance of a sub-system-based MIS?

View solution