What does the term 'business' refer to?

• Activities related to sales, production, and services with the aim of receiving returns or profits systematically

• Academic research

• Financial transactions only

• Personal hobbies

What are the main components of an organization that has been successful?

• Man, Method, Resource, Machine

• Product, Price, Service, Customers, Finance, Investment, Revenue, Expenses

• People, Process, Data, Hardware, Software

• Company, Product, Plan, Trends, Timing, Team, Management

What is the purpose of a Management Information System (MIS)?

• To provide information to managers for efficient operations

• To replace human workers with machines

• To create chaos in the organization

• To entertain employees

What are the types of Information Systems ?

• Transaction Processing System (TPS), Decision Support System (DSS), Expert System (ES), Office Automation System (OAS)

• Management Information System (MIS), Executive Support System (ESS), Expert System (ES), Office Automation System (OAS)

• Transaction Processing System (TPS), Management Information System (MIS), Decision Support System (DSS), Expert System (ES),Executive Support System (ESS),Office Automation System (OAS)

• Transaction Processing System (TPS), Management Information System (MIS), Decision Support System (DSS), Executive Support System (ESS)

What is the role of Hardware in an Information System?

• To create confusion in the organization

• To store and process data

• To provide entertainment to employees

• To manage human resources

What is the purpose of Management Information System (MIS)?

• To help in automating office tasks

• To provide information for senior managers only

• To enable correct planning and control decisions for the organization

• To support decision-making for operational managers

What is the main difference between MIS and Transaction Processing System (TPS)?

• MIS collects data from various departments while TPS separates data usage by department

• MIS provides information only for middle managers while TPS provides information for all levels

• MIS responds immediately to management needs while TPS requires waiting for reports

• MIS focuses on financial data while TPS focuses on operational data

What is the primary function of Decision Support System (DSS)?

• To support decision-making by utilizing existing data efficiently

• To provide information for executive managers only

• To manage expert knowledge within the organization

• To automate routine tasks in the organization

How does Executive Support System (ESS) differ from DSS?

• ESS is designed for middle managers while DSS is for senior managers

• ESS provides information for all levels of management while DSS is limited to top-level executives

• ESS focuses on operational decisions while DSS focuses on strategic decisions

• ESS is built on top of DSS to facilitate data access and usage

What is the main function of Expert System (ES) in an organization?

• To automate office tasks and communication

• To support decision-making for operational managers

• To provide financial information for the organization

• To store and utilize expert knowledge in specific domains