Using Management and Accounting Information
18 important questions on Using Management and Accounting Information
Why is having better intelligence and knowledge so important for a company?
What is an information rule?
What is a database?
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What 3 information systems can help improve the decision-making process within an organisation?
2. EIS (Executive information system)
3. Expert system
What is an expert system?
What 2 benefits does integrated software have?
2. Once you learn an application in a package, it's much easier to learn the other applications as well, as many controls and lay-outs share similarities.
What is a MIS?
What are the 5 areas of management?
2. Operations
3. HRM
4. Marketing
5. Administration
How can information help the decision-making process of a financial manager?
How can information help the decision-making process of an operations manager?
How can information help the decision-making process of an HRM manager?
Which information can help the marketing manager in his/her decision-making process?
Which information can help the administrative manager in his/her decision-making process?
What 5 functions must an MIS perform to provide information?
2. Store the data
3. Update the data
4. Process the data into information
5. Present the information to users
What attributes should a good database have?
2. Data in the system should be relevant to needs of employees
3. Data should be accurate
What are the 2 cautions that you should always keep in mind when collecting data?
2. People using the computers to enter data can make mistakes, therefore you should always check if you have doubts.
What is data processing?
What is a statistic?
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