BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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its accuracy andcompleteness
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its verifiability its simplicity and security
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how it helps decision makers
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achieve organizational goals
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Detailed explanation-1: -The value of information is directly linked to how it helps decision makers achieve the organization’s goals.
Detailed explanation-2: -Information of business value is that which is needed to carry out business functions or to provide evidence of a business activity. It is essential to work with business units in deciding what should be kept for business purposes.
Detailed explanation-3: -In MIS, the concept of the value of information is used to find out benefit of perfect information and if the value is significantly high, the system should provide it. If the value is in signification, it would not be worth collecting the additional information.
Detailed explanation-4: -Accuracy: Data gathered by the system should be error free. Completeness: The software should be designed to gather as much data as required. Relevance: Data gathered should fulfill specific need. Accessibility: The software should allow the correct user to retrieve the data when required.