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

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

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

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

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

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

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

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

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

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

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Q. What does an integrated MIS entail?

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

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

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

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

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

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Q. What is a crucial prerequisite for an effective MIS?

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Q. What is a critical requirement for effectively managing an MIS?

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Q. What are the two types of experts typically involved in MIS operations in an insurance company?

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Q. How does the support of Top Management contribute to the effectiveness of MIS?

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