ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is a computer-based system that stores, organizes and provides information about a business.
A
Symptom
B
Problem
C
Management
D
Management Information System (MIS)
Explanation: 

Detailed explanation-1: -A management information system (MIS) is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company.

Detailed explanation-2: -A management information system (MIS) is a computer system consisting of hardware and software that serves as the backbone of an organization’s operations. An MIS gathers data from multiple online systems, analyzes the information, and reports data to aid in management decision-making.

Detailed explanation-3: -Management Information Systems (MIS) is the study of people, technology, organizations, and the relationships among them. MIS professionals help firms realize maximum benefit from investment in personnel, equipment, and business processes. MIS is a people-oriented field with an emphasis on service through technology.

Detailed explanation-4: -MIS (Management Information Systems)

Detailed explanation-5: -Management information systems are those systems that allow managers to make decisions on successful operations of business. MIS refers broadly to a computer-based system that provides manager with the tools for organizing, evaluating and efficiently running their departments.

There is 1 question to complete.