CS Professional · Artificial Intelligence, Data Analytics and Cyber Security - Laws and Practice · Management Information Systems - An Overview
Which quality of information is lacking when a sales report reaches a manager three weeks after the month-end pricing decision has already been taken?
Timeliness is lacking. Good information must reach the decision-maker when it is needed. A report arriving after the pricing decision has been made cannot support that decision, even if its figures are accurate and complete.
- AAccuracy
- BTimelinessCorrect
- CCompleteness
- DRelevance to the right user
Explanation
Timeliness means information is available when needed for a decision. A report arriving after the decision has been taken is outdated for that purpose, even if it may be accurate and complete.
Did you get it right without looking?
One question tells you little. A timed set on Management Information Systems - An Overview shows your real accuracy, how long you take and where you lose marks.
More Management Information Systems - An Overview questions
- A Management Information System (MIS) in an organisation is best described as:
- Mehta Textiles Ltd stores sales data in a database, uses application software to prepare monthly regional performance reports, and its staff…
- After an MIS goes live at a Chennai manufacturing firm, the team periodically reviews whether it meets objectives, fixes errors and adapts i…
- A bank deploys a system that stores rules from loan specialists and, given an applicant's profile, recommends approval or rejection with rea…
- A company secretary at a manufacturing firm needs a system that records day-to-day routine events such as sales invoices, purchase receipts …
- Which decision type is best supported by MIS reports generated from routine, well-defined rules, such as automatically approving a purchase …