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Which systems help managers monitor and control the business by providing information on the firm's performance?
Wiki User
∙ 11y ago
Management Information System (MIS)
It provides middle managements with reports on firm's performance to monitor firm and help predicts future performance.
typically not very flexible systems with little analytic capability
it use date from tps, duel to that it provides weekly, monthly, annual results, but may enable drilling not very flexible systems with little analytic capability.
Wiki User
∙ 11y ago
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Managers are evaluated primarily on the business'?
Economic performance
Business process re-engeneering in management information system?
Business process re-engineering is the process of making business processes efficient. Many managers do this when they are trying to improve business performance.
Role of information systems in a typical business?
Information systems help managers make better decisions. They also help managers retain information about employees and business operations. With the right systems, managers can create a competitive advantage.
What roles do information systems play in business?
Information systems help managers meet their organization's goals. Information systems tell managers about inventory, quality and prices when it comes to their products.
What phase of accounting concerned with providing information to managers for use in planning and controlling operations and in decision making is called?
throughput time
What is performance index?
A performance index is a measurement tool business owners and managers use to evaluate business operations. These indices can usually be applied to the entire company, specific divisions or departments and individual managers or employees. Business owners and managers often use performance management techniques to ensure their company is operating at an acceptable level. A performance index can also create a benchmark measurement for business operations. Benchmark measurements compare one company's performance information to another company's information.
Key elements of Business information system that influence managerial performance?
Many aspects of the information system affects managerial performance. For instance, if the system is fast managers will be able to get information quicker.
Managers are evaluated primarily on the business'?
Economic performance
Business process re-engeneering in management information system?
Business process re-engineering is the process of making business processes efficient. Many managers do this when they are trying to improve business performance.
Who uses financial ratio analysis information?
Banks, lenders and people (buyers) who want to purchase the specific business. managers who want to improve or sustain the business performance
How will managers use financial information to predict outcomes for business?
How will managers use financial information to predict outcomes for business?
Importance of MIS?
The overall purpose of MIS is to provide profitability and related information to help managers and staff understand business performance and plan its future direction.
Who responsible for providing reliable and useful information for accountability of government programs and their operations?
are responsible for providing reliable and useful information for accountability of government programs and their operations.
Role of information systems in a typical business?
Information systems help managers make better decisions. They also help managers retain information about employees and business operations. With the right systems, managers can create a competitive advantage.
Evaluating and providing guidance to managers of a business to improve working conditions and productivity is known as what?
Consulting
Role of quantitative technique in business?
Quantitative techniques in business managers make better decisions. Managers can use the information to determine strategic objectives for the company.
What are the responsibilities of wealth managers?
Wealth managers are responsible for providing advice to their clients. They provide information about portfolios strategies for individuals who want to ensure they maximize their wealth.
