Question 1

The first stage of the problem-solving process involves identifying and defining potential problems or opportunities.

Accepted Answer

This is true. The first stage of the problem-solving process is to identify and define potential problems or opportunities. Only after this step can the problem-solving process move on to the next stages, such as generating possible solutions, evaluating options, and implementing a plan of action.

Question 2

The primary purpose of an MIS is to help an organization achieve its goals by providing managers with insight into the regular operations of the organization so they can control,organize,and plan more effectively.

Accepted Answer

This statement accurately describes the primary purpose of an MIS (Management Information System).

Question 3

Marketing functions are increasingly being performed on the Internet and mobile devices.

Accepted Answer

With the rise of e-commerce and mobile usage, marketing functions such as advertising, sales, and customer engagement are being performed more and more on the Internet and through mobile devices.

Question 4

The ultimate goal of management information and decision support systems is to help managers and executives at all levels make better decisions and solve important problems.

Accepted Answer

The primary purpose of management information and decision support systems is to provide information and analysis to support decision-making, ultimately helping managers and executives make better decisions and solve problems.

Question 5

Auditing provides an objective appraisal of the accounting,financial,and operational procedures and information of an organization.

Accepted Answer

Auditing is a process that involves the independent examination and evaluation of an organization's financial statements to ensure they are accurate and reliable. Auditors also review the company's underlying accounting and operational procedures, systems, and controls to identify any deficiencies or weaknesses that may pose a risk to the company's financial health. The objective nature of the audit helps to provide an unbiased view of the organization's financial and operational performance.

Question 6

Most financial management information systems integrate financial and operational information from multiple sources,including the Internet,into a single system.

Accepted Answer

Most financial management information systems are designed to integrate data from various sources, including online databases, into a single system. This allows organizations to access and analyze financial and operational data more efficiently and accurately, enabling them to make better-informed decisions.

Question 7

A satisficing model is one that finds a good,but not necessarily the best,solution to a problem.

Accepted Answer

A satisficing model aims to find a solution that meets a certain threshold of acceptability, rather than exhaustively searching for the optimal solution.

Question 8

The input to most management information systems is a collection of reports that are provided by managers.

Accepted Answer

The input to most management information systems is data, not reports. The reports are generated by the system based on the data input.

Question 9

Scheduled reports generated by management information systems are produced periodically,such as daily weekly,or monthly.

Accepted Answer

Scheduled reports are generated periodically, as stated in the statement.

Question 10

In the context of financial management information systems,transaction processing systems or enterprise systems capture transactions entered by workers in all functional areas of the business.

Accepted Answer

Transaction processing systems or enterprise systems capture transactions entered by workers in all functional areas of the business, such as sales, accounting, and inventory management, and record them in a central database. This information can then be used by financial management information systems to generate financial reports and analysis.

Question 11

The economic order quantity is calculated to minimize the number of times an inventory item must be reordered.

Accepted Answer

The Economic Order Quantity (EOQ) is calculated to minimize the total holding costs and ordering costs, not specifically to minimize the number of times an item must be reordered.

Question 12

When the inventory level for a particular item falls to the reorder point,an inventory management system generates a report to stop any further orders of the item.

Accepted Answer

When the inventory level for a particular item falls to the reorder point, an inventory management system generates a report to initiate a new order of the item, rather than stopping further orders.

Question 13

A management information system can be divided along functional lines to produce reports tailored to individual functions.

Accepted Answer

A management information system can be designed to provide reports based on the specific needs and functions of different departments or individuals within an organization. For example, the financial department may require reports on budgeting and forecasting, while marketing may require reports on customer behavior and sales trends. By tailoring reports to individual functions, a management information system can provide relevant and useful information to decision-makers across the organization.

Question 14

The use of management information systems spans all levels of management in an organization.

Accepted Answer

Management information systems provide information to all levels of management, including top-level executives, middle managers, and operational managers.

Question 15

Manufacturing companies seldom use computer-assisted design with new or existing products.

Accepted Answer

This statement is false. Manufacturing companies frequently use computer-assisted design (CAD) to create and modify new and existing products. CAD software allows for more precise and efficient design processes, and is widely adopted in the manufacturing industry.

Question 16

Many manufacturing operations have been dramatically improved over the last decade as a result of advances in information systems.

Accepted Answer

Advances in information systems have led to the integration of production processes, improved inventory management, and increased efficiency in manufacturing operations over the last decade.

Question 17

A well-known model developed by Herbert Simon divides the decision making phase of the problem solving process into five stages.

Accepted Answer

Herbert Simon's model divides the decision-making process into three main stages: intelligence, design, and choice.

Question 18

Marketing functions determine the various media to be used to inform potential customers about a product or service.

Accepted Answer

Marketing functions do determine the various media to be used to inform potential customers about a product or service. It is a crucial part of marketing strategy to choose the right communication channels and tools for reaching out to the target audience effectively.

Question 19

Programmed decisions are made using a rule,procedure,or quantitative method.

Accepted Answer

Programmed decisions are based on predetermined rules or procedures, and often involve quantitative methods such as data analysis or mathematical calculations.

Question 20

An executive dashboard is a diagram that presents a set of key performance indicators about the state of a process at a specific point in time to enable managers make better real-time decisions.

Accepted Answer

An executive dashboard is indeed a diagram that displays important metrics relevant to a particular process to enable leaders to make quick, data-driven decisions.

Quiz 6: Information and Decision Support Systems