Question

    System by which information is collected, processed and presented to management to help it in making better decisions, is called?   

    A Management by Objective (MBO) Correct Answer Incorrect Answer
    B Management Information System (MIS) Correct Answer Incorrect Answer
    C Information Processing System (IPS) Correct Answer Incorrect Answer
    D Accounting for management Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    In case of MIS, data is the input which is processed to provide output in the form of information reports, summaries, etc. To be really useful the output must aid the manager's decision-making process.

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