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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
