Management Information System

Option: B
Explanation : A system is said to be open when it interacts with the environment in which it exists. It exchanges inputs and outputs with the environment.

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Option: A
Explanation : An abstract system is an ordered arrangement of concepts. Abstract systems can be procedural or conceptual.

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Option: C
Explanation : A system is said to be closed if it does not interact with the environment in which it exists. It is in a state of isolation. It is completely self-contained. This is only of theoretical interest as in reality systems exhibit different degrees of openness.

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Option: D
Explanation : A system is said to be closed if it does not interact with the environment in which it exists. It is in a state of isolation. It is completely self-contained. This is only of theoretical interest as in reality systems exhibit different degrees of openness.

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Option: B
Explanation : A system is deterministic if its outputs are certain. This means that the relationships between its components are fully known and certain. Hence, when an input is given the output is fully predictable. An example of a deterministic system is the common entrance examination for entry into IIM. All the entities in the system and their interrelationships are well known and given an input the output can be determined with certainty.

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Option: A
Explanation : Information systems (IS) are formal, sociotechnical, organizational systems designed to collect, process, store, and distribute information. In a sociotechnical perspective information systems are composed by four components: task, people, structure (or roles), and technology.
A computer information system is a system composed of people and computers that processes or interprets information.The term is also sometimes used in more restricted senses to refer to only the software used to run a computerized database or to refer to only a computer system.
Information Systems is an academic study of systems with a specific reference to information and the complementary networks of hardware and software that people and organizations use to collect, filter, process, create and also distribute data.

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Option: B
Explanation : The management science modeling process helps businesses to improve their operations through the use of scientific methods and the development of specialized techniques. It is the process of re searching for an optimal solution to the existing problem. Management science modeling process provides systematic, analytical and general approaches to the problem solving for decision-making, regardless of the nature of the system, product, or service. Management science modeling process is the application of scientific methods to complex organizational problems. Models are aimed at assisting the decision-maker in decision-making process. Management science modeling process is one of the innovative decision making tool of the twentieth century.

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Option: D
Explanation :Information : Information is the product of data processing. Information is interrelated data. Information is equivalent to finished goods produced after processing the raw material.
Characteristics of Information :Following are the essential characteristic features :
i) Timeliness : Timeliness means that information must reach the recipients within the prescribed timeframes.
ii) Accuracy : Information should be accurate. It means that information should be free from mistakes, errors &, clear.
iii) Relevance : Information is said to be relevant if it answers especially for the recipient what, why, where, when, who and why? In other words, the MIS should serve reports to managers which is useful and the information helps them to make decisions.
iv) Adequacy : Adequacy means information must be sufficient in quantity, i.e. MIS must provide reports containing information which is required in the deciding processes of decision-making.
v) Completeness : The information which is given to a manager must be complete and should meet all his needs.
vi) Explicitness : A report is said to be of good quality if it does not require further analysis by the recipients for decision making.
vii) Impartiality : Impartial information contains no bias and has been collected without any distorted view of the situation.

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Option: A
Explanation :A Management Information System (MIS) converts data from INTERNAL AND EXTERNAL SOURCES into information in an APPROPRIATE FORM to managers at DIFFERENT LEVELS in an organisation to enable them to make effective DECISIONS or to MONITOR/CONTROL the performance of their employees.
Information comes from internal and external sources. Internal information includes data from transaction processing. External information includes market research, intelligence gathering about the activities of competitors, information about social trends, economic factors, government legislation, and so on.

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Option: D
Explanation :The purpose of MIS is reporting and is to provide the necessary information to the managers and supervisors at various levels to help them to discharge their functions of organising, planning, control and decision making.
MIS is a scientific way of collecting; processing, storing and communicating information relating to the various activities of an organisation to the various levels of management so that management may be facilitated in discharging its functions efficiently and run the organisation in an efficient manner for the betterment of all.

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