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What is nature of management information system?
The nature of management information system is that it can be used for purposes of decision making. This is a system which provides all the necessary information about an organization.
Why should managers need know about research?
Managers should be aware of research because it provides evidence-based insights that can inform decision-making and strategy development. Understanding research allows them to identify trends, assess the effectiveness of practices, and make informed choices that enhance productivity and innovation. Moreover, being knowledgeable about research helps managers to critically evaluate information and adapt to changes in their industry or market environment. Ultimately, this knowledge contributes to better organizational outcomes and competitive advantage.
What is a type of business intelligence system designed to help managers develop solution for specific problems?
A type of business intelligence system designed to help managers develop solutions for specific problems is called a Decision Support System (DSS). DSS integrates data from various sources and provides analytical tools to support complex decision-making processes. It allows managers to simulate different scenarios and evaluate potential outcomes, enabling them to make informed decisions tailored to specific challenges within the organization.
What are the importances or business law to business managers?
Business law is crucial for managers as it provides a framework for legal compliance, helping to avoid lawsuits and penalties that could harm the company’s reputation and finances. It also guides managers in understanding contractual obligations, protecting intellectual property, and ensuring fair employment practices. Additionally, knowledge of business law enables effective risk management and informed decision-making, fostering a stable business environment. Overall, a strong grasp of legal principles empowers managers to navigate challenges and seize opportunities confidently.
What are the benefits of resource scheduling?
There are three main benefits. One is that it allows time to consider other options. A second is that it provides information for budgets, and finally a third is that it helps project managers see how flexible they can be over resources.
Where can I get satellite company comparisons?
A great website to check out is www.dishcomparison.com. It is interactive and will give you information to help you make a decision. It also provides links to current deals.
Where can someone find our more information about interactive intelligence?
There is a wikipedia web page that offers a lot of information regarding interactive intelligence. Interactive Intelligence is a company that provides the automated systems that many if not most corporations use.
How can information system support managerial decision making?
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What are roles of accounting in business?
the simplest answer to this question is that accounting provides information for managers to use in operating the business.
The area of accounting that provides managers of an organization with information they need to make decisions is called?
managerial accounting
What do you mean by PC KIOSK?
An Interactive kiosk is a computer terminal that provides information access via electronic methods.
How to Compare and contrast financial management wit management accounting and financial accounting?
Management accounting is a field of accounting that analyzes and provides cost information to the internal management for the purposes of planning, controlling and decision making.Management accounting refers to accounting information developed for managers within an organization. CIMA (Chartered Institute of Management Accountants) defines Management accounting as "Management Accounting is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of information that used by management to plan, evaluate, and control within an entity and to assure appropriate use of an accountability for its resources". This is the phase of accounting concerned with providing information to managers for use in planning and controlling operations and in decision making.Managerial accounting is concerned with providing information to managers i.e. people inside an organization who direct and control its operations. In contrast, financial accounting is concerned with providing information to stockholders, creditors, and others who are outside an organization. Managerial accounting provides the essential data with which organizations are actually run. Financial accounting provides the scorecard by which a company's past performance is judged.Because it is manager oriented, any study of managerial accounting must be preceded by some understanding of what managers do, the information managers need, and the general business environment.
Where can one find more information about interactive entertainment?
Interactive entertainment simply means a game or other product where the outcome is influenced by the user. This usually means video games. The website DFCINT has a great article about the interactive entertainment industry which provides a lot of technical information and debunks some common myths.
What type of information does managerial accounting provide?
Managerial accounting provides information that is essential for internal decision-making within an organization. It includes financial data, cost analysis, budgeting, and performance metrics that help managers plan, control, and evaluate operations. This type of information is focused on future projections and internal processes, aiding in strategic planning and resource allocation. Ultimately, it supports managers in making informed decisions to enhance efficiency and profitability.
Difference between MIS and DSS?
MIS functions to produce routine reports,DSS employ sophisticated data modelling & analysis tools for the purpose of resolving structured problems.MIS is used by a limited group (staff managers & professionals), DSS are used by groups,individuals & managers at various levels.DSS is charachterized by an adaptability which contrasted with the semi-inflexible nature of MIS.DSS data sources are much more varied comprising inventory, accounting & production sources & not just internal business ones & its analytical tools are more sophisticated(simulation,atatistical analysis).Thus, MIS & DSS are differentiated in terms of components, dynamics , analytical tools & general properties
What information system generates accurate timely and organized information so managers and other users can make decisions solve problems supervise activities and track progress?
The information system that generates accurate, timely, and organized information for decision-making is known as a Management Information System (MIS). An MIS collects data from various sources, processes it, and provides reports and dashboards that help managers monitor performance, solve problems, and track progress. By integrating data analysis and reporting tools, an MIS supports effective planning and control within an organization.
What is nature of management information system?
The nature of management information system is that it can be used for purposes of decision making. This is a system which provides all the necessary information about an organization.
