Which of the following best describes the main advantage of a Management Information System (MIS)?
A Management Information System (MIS) is a system designed to provide managers with the tools necessary to organize, evaluate, and efficiently manage departments within an organization. The core advantage of MIS lies in its ability to support managerial decision-making by delivering relevant and timely information. This helps managers make more informed, evidence-based decisions, improving operational efficiency and strategic planning. Why Other Options are Wrong: a) While an MIS may automate some processes, its primary purpose is to support decision-making, not full automation. b) MIS can facilitate communication, but this is more a feature of specialized systems like ERP (Enterprise Resource Planning) rather than the primary role of an MIS. d) Although some data entry may be reduced, the MIS does not completely eliminate the need for manual input in all cases. e) No system can guarantee 100% data accuracy due to potential human errors and system malfunctions.
The Risk-Based Internal Audit (RBIA) system is mandated for
DuPont analysis is:
What is the minimum value of funds or securities that can be accepted by the portfolio manager from the client while opening the PMS account?
Recently Reserve Bank of India gave approval to which of the following Fintech firm to operate as NBFC account aggregator?
Which group is the primary beneficiary of the PM-MKSSY?
SEBI has recently launched a portal to enable investors to post their complains and for its follow up. What is the name of his portal ?
Which of the following public sector bank has launched the Aarogyam healthcare business loan?
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
With reference to Directorate of Enforcement (ED), consider the following statements:
I. The ED enforces the Foreign Exchange Management Act, ...
The Sustainable Development Solutions Network (SDSN), released its annual Sustainable Development Report 2021, which ranked all the UN member states bas...