2 Comment on the following statements Information produced by the information pr

Question

2 Comment on the following statements Information produced by the information processor must t ac frmation as possible. An information processor should provide the m be free of errors. 3. Applying the concept of the general system model to an academic department (e.g; Mathematics and Computer Science), identify major input resources, transformation process, and output resources. In the department, who is in charge of management? 4 What is the purpose of management information system (MIS) in a firm? What are the five stages of traditional system development life cycle? 5. How will the increased speed and reduced costs of Intemet communications affect electronic commerce? Name the type of firms that can entirely operate over the Internet (including delivering products to customers over the Internet)?

Explanation / Answer

4)Answer:

A management information system (MIS) is a set of systems and procedures that gather data from a range of sources, compile it and present it in a readable format. Managers use an MIS to create reports that provide them with a comprehensive overview of all the information they need to make decisions ranging from daily minutiae to top-level strategy.

A management information system (MIS) is a broadly used and applied term for a three-resource system required for effective organization management. The resources are people, information and technology, from inside and outside an organization, with top priority given to people. The system is a collection of information management methods involving computer automation (software and hardware) or otherwise supporting and improving the quality and efficiency of business operations and human decision making.

As an area of study, MIS is sometimes referred to as information technology management (IT management) or information services (IS). Neither should be confused with computer science.

The SDLC methodology is also referred to as "conventional systems analysis", "traditional systems analysis", "the systems development life-cycle" or the "waterfall model". This methodology was designed in the late 1960s and it had a great impact on the data processing community. The SDLC has the following steps:

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