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i) Define the term Management Information system :
These are information systems at the management level of an organization that serve the
functions of planning, controlling and decision making by providing routine summary and
exception reports.
ii) Advantages of Management information systems to the banking sector
- Convenience: Online banking sites never close; they're available 24 hours a day, seven
days a week, and they're only a mouse click away.' m
- Ubiquity: If you're out of state or even out of the country when a money problem arises,
you can log on instantly to your online bank and take care of business.
- Transaction speed: Online bank sites generally execute and confirm transactions at or
quicker speed.
- Efficiency: You can access and manage all of your bank accounts, even securities, from
one secure site.
- Effectiveness: Many online banking sites now offer sophisticated tools, including
account aggregation, stock quotes, rate alerts and portfolio managing programs to help
you manage all of your assets more effectively. Most are also compatible with money
managing programs such as Quicken and Microsoft Money.
Kavungya answered the question on May 14, 2019 at 07:36
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Date posted: May 14, 2019. Answers (1)
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(b) In...(Solved)
(a) Management information systems are designed to provide information needed for decision
making at different levels of management. Enumerate six main characteristics of
management information systems.
(b) In relation to the following factors, argue the case for or against the use of online technology
in a business enterprise:
i. Cost.
ii. Security.
iii. Reliability.
iv. Time taken to complete transactions
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i. Confidentiality.
ii. Integrity.
iii. Availability.
Date posted: May 14, 2019. Answers (1)
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i) End user computing.
ii) Electronic data interchange.
iii) Data warehouse.
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iii) Data warehouse.
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Required:
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ii) Briefly explain five main uses of information...(Solved)
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Required:
i) Identify data generated in a purchasing transaction.
ii) Briefly explain five main uses of information to a business organisation.
Date posted: May 14, 2019. Answers (1)
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Discuss the key...(Solved)
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Date posted: May 14, 2019. Answers (1)
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b) Outline four differences between a file...(Solved)
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Date posted: May 13, 2019. Answers (1)
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