Management Information System (MIS) correct answers A computer system that provides managers with the information they need to perform their jobs as effectively as possible. Its objective is to distribute timely and useful information to the decision makers who need it.
IT Officer or Chief Infor...
[BUS100] Final Exam: Ch. 17-20 || A+ Guaranteed.
Management Information System (MIS) correct answers A computer system that provides managers with the information they need to perform their jobs as effectively as possible. Its objective is to distribute timely and useful information to the decision makers who need it.
IT Officer or Chief Information Officer (CIO) correct answers A manager at the executive level who is responsible for ensuring that a firm has the equipment necessary to provide the information the firm's employees and managers need to make effective decisions
Information requirements of a firm correct answers Summary of future possibilities, present situation and past performance; plus information about five areas of management: finance, operations, marketing, human resources, and administration.
Statistics correct answers A measure that summarizes a particular characteristic of an entire group of numbers
Executive information system (EIS) correct answers A computer-based system that facilitates and supports the decision-making needs of top managers and senior executives
Audit correct answers An examination of a company's financial statements and accounting practices
GAAP correct answers Generally Accepted Accounting Principles. An accepted set of guidelines
and practices for U.S. companies reporting financial information and the accounting profession.
Sarbanes-Oxley Act correct answers A law passed by Congress in 2002 that requires the CEO and CFO to certify that their firm's financial statements are accurate.
Proprietary information correct answers Information that is not divulged to anyone outside the firm
Managerial accounting correct answers A type of accounting that provides managers and employees within the organization with information needed to make decisions about a firm's financing, investing, marketing, and operating activities are the primary users
Financial accounting correct answers A type of accounting that generates financial statements and reports for interested people outside an organization
Accounting Equation correct answers Assets = Liabilities + Owners' Equity
Assets correct answers The resources that a business owns, such as cash, inventory, equipment, and real estate
Liabilities correct answers The firm's debts
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