Question

MIS is a business function, like accounting or sales, which moves information about people, products, and processes across the company to facilitate decision making and problem solving. What does MIS stands for?a. Management Information Strategy.b. Management Intelligence System.c. Management Information System.d. Management Information Strategist.

Answer 1

The correct answer is c. Management Information System.

Step-by-step explanation:

A Management Information System is a computer system that gathers, stores, analyzes, displays and reports data with the purpose of aiding decision-makers to be informed and make high quality decisions that are useful to a company. It consists of:

• People, that take advantage a MIS to make effective decisions.
• Hardware, physical structure that supports the MIS.
• Software, computer programs that aid in all the processes to handle the data e.g. analysis, retrieval, etc.
• Databases, that store the data of a MIS.

The information can be related to any area of the company, for example Research & Development (R&D), Marketing, Finances, Project development, Human Resources, etc.

The use of a MIS allows a company to have easy access to information, fast data processing and information retrieval, accurate data analysis, reduction of duplicates and reliable backup for the information stored.