Management Information Systems (MIS) Quiz Questions Set 1

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MIS Quizzes & Trivia

Management information system is the use of information technology, people, and business processes to record, store and process data to produce information.


Questions and Answers
  • 1. 

    Problem solving includes and goes beyond decision making.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Problem solving is a broader concept than decision making. While decision making is a part of problem solving, problem solving also involves identifying and defining problems, generating alternative solutions, and evaluating and implementing the best solution. Decision making is just one step in the problem-solving process. Therefore, the statement that problem solving includes and goes beyond decision making is true.

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  • 2. 

                    Optimization models never use problem constraints.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Optimization models do use problem constraints. Constraints are an essential part of optimization models as they define the limitations and restrictions that need to be taken into account when finding the optimal solution. These constraints ensure that the solution is feasible and meets all the requirements and limitations of the problem at hand. Therefore, the statement that optimization models never use problem constraints is false.

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  • 3. 

    Satisfying models normally look at all possible solutions to a problem.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Satisfying models do not necessarily look at all possible solutions to a problem. Instead, they focus on finding one or more solutions that meet the specified criteria or constraints. Therefore, the given statement is false.

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  • 4. 

    Satisfying is usually used because modeling the problem properly to get an optimal decision would be too difficult, complex, or costly.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    The statement is true because when a problem is difficult, complex, or costly to model, it becomes challenging to find an optimal decision. In such cases, satisfying is used as an alternative approach. Satisfying involves finding a solution that meets the minimum requirements or criteria, rather than aiming for the best possible outcome. This approach is often chosen when the resources or time required for an optimal decision are not available or feasible.

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  • 5. 

    A decision support system (DSS) is an integrated collection of people, procedures, databases, and devices that provides managers and decision makers with information to help achieve organizational goals.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The statement is false because a decision support system (DSS) is not an integrated collection of people, procedures, databases, and devices. Rather, it is a computer-based information system that supports decision-making activities by providing relevant data, models, and tools to help managers and decision makers analyze complex problems and make informed decisions.

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  • 6. 

    DSSs can often give companies and other organizations a competitive advantage by providing the right information to the right people in the right format and at the right time.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    DSSs, or Decision Support Systems, can indeed provide companies and organizations with a competitive advantage by providing timely and relevant information. However, this statement is not always true, as the effectiveness of a DSS depends on various factors such as the quality of data, the decision-making process, and the user's ability to interpret and utilize the information provided. Therefore, while DSSs have the potential to offer a competitive advantage, it is not guaranteed in all cases.

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  • 7. 

                     The primary purpose of a DSS is to help an organization achieve its goals by providing managers with insight into the regular operations of the organization so that they can control, organize, and plan more effectively.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The explanation for the given correct answer is that the primary purpose of a DSS (Decision Support System) is not only to help an organization achieve its goals but also to assist managers in making decisions by providing them with relevant data, analysis, and modeling tools. While it does help managers control, organize, and plan more effectively, its main focus is on decision-making support rather than just insight into regular operations. Therefore, the statement is false.

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  • 8. 

    One important role of MIS is to provide the right information to the right person in the right format at the right time.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    MIS (Management Information System) plays a crucial role in providing accurate and timely information to the appropriate individuals in the appropriate format. This ensures that decision-makers have access to the necessary data to make informed choices and take appropriate actions. By delivering the right information to the right person at the right time, MIS helps improve efficiency, productivity, and decision-making within an organization.

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  • 9. 

    Internal sources of data can include customers, suppliers, competitors, and stockholders, whose data is not already captured by the TPS, as well as other sources, such as the Internet.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Internal sources of data can include customers, suppliers, competitors, and stockholders, whose data is not already captured by the TPS, as well as other sources, such as the Internet. This statement is true because internal sources of data refer to the data that is generated and collected within the organization. Customers, suppliers, competitors, and stockholders are all part of the internal environment of the organization and their data can be considered as internal sources. Additionally, the statement mentions that other sources such as the Internet can also be considered as internal sources of data.

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  • 10. 

    Key-indicator reports are used by managers and executives to take quick, corrective action on significant aspects of the business.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Key-indicator reports are important tools for managers and executives as they provide a quick overview of significant aspects of the business. These reports highlight key performance indicators (KPIs) that help identify areas that require immediate attention and corrective action. By regularly reviewing these reports, decision-makers can stay informed about the health of the business and make timely decisions to address any issues or opportunities. Therefore, the statement that key-indicator reports are used by managers and executives to take quick, corrective action on significant aspects of the business is true.

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  • 11. 

                     The basic goal of computer integrated manufacturing is to determine when finished products, such as automobiles or airplanes, are needed and then to work backward to determine deadlines and resources needed, such as engines and tires, to complete the final product on schedule.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The basic goal of computer integrated manufacturing is not to determine when finished products are needed and work backward to determine deadlines and resources needed. Instead, it is a manufacturing approach that aims to integrate various computer systems and technologies to improve the efficiency and effectiveness of the manufacturing process. It involves the use of computer-aided design, computer-aided manufacturing, and other technologies to streamline production and enhance communication and coordination among different departments and stages of the manufacturing process.

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  • 12. 

    By using a flexible manufacturing system, the time and cost to change manufacturing jobs can be substantially reduced, and companies can react quickly to market needs and competition.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    A flexible manufacturing system allows companies to quickly and easily switch between different manufacturing jobs, reducing the time and cost associated with these changes. This flexibility enables companies to respond rapidly to market demands and competition, ensuring that they can meet customer needs and stay competitive in the market. Therefore, the statement is true.

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  • 13. 

    Customer relationship management (CRM) programs, available from some ERP vendors, help a company manage all aspects of customer encounters.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    CRM programs, available from some ERP vendors, help a company manage all aspects of customer encounters. This means that they assist in organizing and tracking customer interactions, managing customer data, and improving customer satisfaction. These programs are designed to streamline customer relationship management processes and enhance the overall customer experience. Therefore, the statement "Customer relationship management (CRM) programs, available from some ERP vendors, help a company manage all aspects of customer encounters" is true.

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  • 14. 

    One of the most important functions of any marketing effort is promotion and advertising.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Promotion and advertising are indeed crucial components of any marketing effort. These activities are aimed at creating awareness and generating interest in a product or service among the target audience. Through promotion and advertising, companies can effectively communicate the value and benefits of their offerings, ultimately influencing consumer behavior and driving sales. By utilizing various promotional channels and strategies, businesses can increase their brand visibility, reach a wider audience, and ultimately achieve their marketing objectives. Therefore, the statement "One of the most important functions of any marketing effort is promotion and advertising" is true.

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  • 15. 

    Effective human resource planning often requires computer programs, such as SPSS and SAS, to forecast the future number of employees needed and anticipating the future supply of people for these jobs.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Effective human resource planning often requires computer programs, such as SPSS and SAS, to forecast the future number of employees needed and anticipate the future supply of people for these jobs. These programs use statistical analysis and data modeling techniques to analyze historical data, identify trends, and make projections. By using these tools, organizations can make informed decisions about recruitment, training, and workforce development to ensure they have the right number of employees with the necessary skills to meet future business needs. Therefore, the statement is true.

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  • 16. 

    A database management system is an organized collection of people, procedures, software, databases, and devices used to help make decisions that solve problems.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    A database management system (DBMS) is not an organized collection of people, procedures, software, databases, and devices. Instead, it is a software system that allows for the creation, management, and use of databases. While it can assist in decision-making and problem-solving, it is not a comprehensive solution that includes all the mentioned components. Therefore, the correct answer is False.

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  • 17. 

                     Examples of ad hoc DSSs include systems that support portfolio and investment decisions and production scheduling.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Ad hoc DSSs are not limited to systems that support portfolio and investment decisions and production scheduling. They can also include systems that support various other decision-making processes such as budgeting, sales forecasting, and customer relationship management. Therefore, the statement that "Examples of ad hoc DSSs include systems that support portfolio and investment decisions and production scheduling" is false.

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  • 18. 

    At the core of a MIS are a database and a model base.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    A Management Information System (MIS) is a system that helps organizations collect, store, and analyze data to support decision-making processes. While a database is an essential component of an MIS, a model base is not. A model base refers to a collection of mathematical and statistical models used for analyzing data, which is not a core component of an MIS. Therefore, the statement that a MIS includes both a database and a model base is false.

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  • 19. 

                     The dialogue manager allows users to interact with the DSS to obtain information.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    The dialogue manager is a component of a DSS (Decision Support System) that facilitates interaction between the user and the system. It allows users to ask questions, provide input, and receive information from the DSS. Therefore, the statement "The dialogue manager allows users to interact with the DSS to obtain information" is true.

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  • 20. 

    Most GSSs can keep detailed records of a meeting automatically.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    The statement suggests that most GSSs (Group Support Systems) have the capability to automatically maintain comprehensive records of a meeting. This implies that these systems can capture and store information such as discussions, decisions, and actions taken during the meeting. This feature can be highly beneficial as it allows participants to refer back to the records for future reference, ensures accuracy in documenting meeting outcomes, and facilitates collaboration and accountability among team members. Therefore, the answer "True" indicates that the statement is correct.

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  • 21. 

                     The first stage in the problem-solving process is the ____ stage.

    • A.

      Intelligence

    • B.

      Design

    • C.

      Monitoring

    • D.

      Choice

    Correct Answer
    A. Intelligence
    Explanation
    The correct answer is "intelligence". In the problem-solving process, the first stage is the intelligence stage. This stage involves gathering information, understanding the problem, and identifying potential solutions. It is the stage where individuals analyze and assess the problem before moving on to the next stages of the process.

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  • 22. 

    During the ____ stage of the problem-solving process, you investigate resource and environmental constraints.

    • A.

      Intelligence

    • B.

      Design

    • C.

      Monitoring

    • D.

      Choice

    Correct Answer
    A. Intelligence
    Explanation
    During the intelligence stage of the problem-solving process, you investigate resource and environmental constraints. This stage involves gathering relevant information and analyzing the current situation to understand the limitations and challenges posed by available resources and the environment. It is a crucial step in problem-solving as it helps in identifying potential obstacles and determining the feasibility of different solutions.

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  • 23. 

                     A(n) ____ model is one that finds a good — but not necessarily the best — problem solution.

    • A.

      Satisfying

    • B.

      Ad hoc

    • C.

      SaR

    • D.

      Heuristic

    Correct Answer
    A. Satisfying
    Explanation
    A satisfying model is one that finds a good solution to a problem, although it may not be the best possible solution. This means that the model provides a solution that meets the desired criteria or requirements, even if it is not optimal or perfect. It focuses on finding a solution that is acceptable and sufficient, rather than striving for the absolute best outcome.

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  • 24. 

    A(n) ____ report summarizes the previous day’s critical activities and is typically available at the beginning of each workday.

    • A.

      Exception

    • B.

      Key-indicator

    • C.

      Demand

    • D.

      Drill-down

    Correct Answer
    B. Key-indicator
    Explanation
    A key-indicator report is a type of report that provides a summary of the critical activities that occurred the previous day. It is typically available at the beginning of each workday, allowing individuals to quickly review and assess the important events and trends from the previous day. This report serves as a valuable tool for decision-making and helps keep stakeholders informed about key metrics and performance indicators.

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  • 25. 

                     ____ reports are automatically produced when a situation is unusual or requires management action.

    • A.

      Exception

    • B.

      Key-indicator

    • C.

      Demand

    • D.

      Drill-down

    Correct Answer
    A. Exception
    Explanation
    When a situation is unusual or requires management action, exception reports are automatically produced. These reports highlight any deviations or exceptions from the norm, allowing management to quickly identify and address any issues that may arise.

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  • 26. 

    The subsystems and outputs in a ____ MIS monitor and control the flow of materials, products, and services through the organization.

    • A.

      Financial

    • B.

      Human resource

    • C.

      Manufacturing

    • D.

      Marketing

    Correct Answer
    C. Manufacturing
    Explanation
    In a manufacturing MIS, the subsystems and outputs are designed to monitor and control the flow of materials, products, and services within the organization. This includes tracking inventory levels, managing production schedules, ensuring quality control, and optimizing the production process. By effectively managing these aspects, the manufacturing MIS helps to streamline operations, increase efficiency, and ultimately improve the organization's overall performance.

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  • 27. 

                     The ____ is calculated to minimize total inventory costs.

    • A.

      Revenue

    • B.

      Economic order quantity

    • C.

      Just-in-time inventory

    • D.

      Sense and Respond quantity

    Correct Answer
    B. Economic order quantity
    Explanation
    The economic order quantity is calculated to minimize total inventory costs. It is a formula that determines the optimal order quantity that minimizes the sum of ordering costs and holding costs. By calculating the economic order quantity, a company can find the balance between the costs of ordering too frequently (resulting in high ordering costs) and ordering too much (resulting in high holding costs). This helps in optimizing inventory management and reducing overall costs.

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  • 28. 

    ____ is an approach that maintains inventory at the lowest levels without sacrificing the availability of finished products.

    • A.

      Just-in-time inventory and manufacturing

    • B.

      Computer-assisted manufacturing

    • C.

      Materials requirement planning

    • D.

      Computer-integrated manufacturing

    Correct Answer
    A. Just-in-time inventory and manufacturing
    Explanation
    Just-in-time inventory and manufacturing is an approach that aims to minimize inventory levels while ensuring that finished products are readily available. This approach focuses on producing and delivering products at the exact time they are needed in the production process, eliminating the need for excess inventory. By doing so, it helps to reduce costs associated with inventory holding and storage, optimize production processes, and improve overall efficiency. Just-in-time inventory and manufacturing is commonly used in industries where there is a need for fast turnaround times and high levels of customization.

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  • 29. 

    Computers can directly control manufacturing equipment, using systems called ____.

    • A.

      Just-in-time inventory

    • B.

      Computer-assisted manufacturing

    • C.

      Materials requirement planning

    • D.

      Computer-integrated manufacturing

    Correct Answer
    B. Computer-assisted manufacturing
    Explanation
    Computer-assisted manufacturing refers to the use of computers to control and automate manufacturing processes. This system allows computers to directly control manufacturing equipment, improving efficiency and accuracy in production. It involves the use of software and hardware to coordinate and control various manufacturing tasks, such as design, planning, scheduling, and monitoring. Computer-assisted manufacturing enables manufacturers to streamline operations, reduce costs, and enhance productivity by integrating computer technology into the manufacturing process.

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  • 30. 

                     ____ uses computers to link the components of the production process into an effective system.

    • A.

      Just-in-time inventory

    • B.

      Computer-assisted manufacturing

    • C.

      Materials requirement planning

    • D.

      Computer-integrated manufacturing

    Correct Answer
    D. Computer-integrated manufacturing
    Explanation
    Computer-integrated manufacturing (CIM) uses computers to connect and coordinate the different parts of the production process, making it a cohesive and efficient system. CIM integrates various functions such as design, planning, manufacturing, and logistics, enabling real-time communication and data sharing between different stages of production. By automating and streamlining processes, CIM helps improve productivity, reduce costs, and enhance overall operational efficiency.

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  • 31. 

    A ____ supports managerial activities in product development, distribution, pricing decisions, promotional effectiveness, and sales forecasting.

    • A.

      Financial MIS

    • B.

      Human resource MIS

    • C.

      Geographic information system

    • D.

      Marketing MIS

    Correct Answer
    D. Marketing MIS
    Explanation
    A marketing MIS (Management Information System) supports managerial activities in product development, distribution, pricing decisions, promotional effectiveness, and sales forecasting. It helps managers gather, analyze, and interpret data related to marketing activities, enabling them to make informed decisions and develop effective marketing strategies. This system provides valuable insights into market trends, customer behavior, competitor analysis, and marketing campaign performance, allowing managers to optimize their marketing efforts and achieve business objectives.

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  • 32. 

    A(n) ____ is concerned with activities related to previous, current, and potential employees of the organization.

    • A.

      Accounting MIS

    • B.

      Human resource MIS

    • C.

      Geographic information system

    • D.

      Marketing MIS

    Correct Answer
    B. Human resource MIS
    Explanation
    A human resource MIS (Management Information System) is concerned with activities related to previous, current, and potential employees of the organization. It is a system that helps in managing and organizing various HR functions such as recruitment, training, performance evaluation, employee records, payroll, and benefits administration. It provides valuable information and data analysis to support decision-making processes related to human resources within the organization.

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  • 33. 

    A ____ allows managers and decision makers to perform quantitative analysis on both internal and external data.

    • A.

      Cost center

    • B.

      Group support system

    • C.

      Revenue center

    • D.

      Model base

    Correct Answer
    B. Group support system
    Explanation
    A group support system is a tool that enables managers and decision makers to conduct quantitative analysis on internal and external data. It provides a collaborative platform for multiple individuals to work together, share information, and make informed decisions based on data-driven insights. By using a group support system, managers can leverage the collective knowledge and expertise of their team to perform in-depth analysis and make more accurate and effective decisions.

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  • 34. 

    ____ is often used to coordinate the use of models in a DSS, including financial, statistical analysis, graphical, and project-management models.

    • A.

      Model management software

    • B.

      Work group software

    • C.

      Delphi

    • D.

      Group support software

    Correct Answer
    A. Model management software
    Explanation
    Model management software is often used to coordinate the use of models in a DSS, including financial, statistical analysis, graphical, and project-management models. This type of software helps in organizing and managing different models used in decision support systems, allowing users to easily access and manipulate the models as needed. It provides a centralized platform for model storage, version control, collaboration, and integration with other software tools. By using model management software, organizations can effectively utilize and coordinate the use of various models to support decision-making processes in a DSS.

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  • 35. 

    The ____ approach is a decision-making approach in which group decision makers are geographically dispersed.

    • A.

      Nominal group technique

    • B.

      Brainstorming

    • C.

      Group consensus

    • D.

      Delphi

    Correct Answer
    D. Delphi
    Explanation
    The Delphi approach is a decision-making approach in which group decision makers are geographically dispersed. This method involves a series of questionnaires or surveys that are sent to the participants, who then provide their responses individually. The responses are collected, analyzed, and summarized, and then sent back to the participants for further input. This process continues until a consensus is reached among the group members. The Delphi approach allows for anonymity and reduces the influence of dominant individuals, making it particularly useful when dealing with complex or sensitive issues.

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  • 36. 

                     ____ is a decision-making approach that often consists of members offering ideas “off the top of their heads.”

    • A.

      The nominal group technique

    • B.

      Brainstorming

    • C.

      The group consensus approach

    • D.

      The delphi approach

    Correct Answer
    B. Brainstorming
    Explanation
    Brainstorming is a decision-making approach that often consists of members offering ideas "off the top of their heads." In brainstorming, participants are encouraged to freely and quickly generate as many ideas as possible without judgment or criticism. This approach promotes creativity and encourages the exploration of different perspectives and solutions. It is often used in group settings to generate innovative ideas and solve problems collectively.

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  • 37. 

    The ____ approach is a decision-making approach that encourages feedback from individual group members and makes the final decision by voting.

    • A.

      Nominal group technique

    • B.

      Brainstorming

    • C.

      Group consensus

    • D.

      Delphi

    Correct Answer
    A. Nominal group technique
    Explanation
    The nominal group technique is a decision-making approach that encourages feedback from individual group members and makes the final decision by voting. In this approach, each member of the group independently generates ideas or solutions to a problem, which are then shared and discussed among the group. After the discussion, each member privately votes on the best idea or solution, and the one with the most votes is chosen as the final decision. This approach ensures that all group members have a voice in the decision-making process and helps prevent dominant individuals from overpowering the group's decision.

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  • 38. 

    ____ occurs when members of group assume that they have made the right decision without examining alternatives.

    • A.

      Groupthink

    • B.

      Brainstorming

    • C.

      Group consensus

    • D.

      Strategic planning

    Correct Answer
    A. Groupthink
    Explanation
    Groupthink occurs when members of a group assume that they have made the right decision without examining alternatives. This happens when there is a strong desire for conformity and harmony within the group, leading to a lack of critical thinking and independent evaluation of ideas. Group members may feel pressured to conform to the dominant viewpoint, resulting in a flawed decision-making process. This can lead to poor outcomes and missed opportunities as alternative perspectives and ideas are not considered.

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  • 39. 

    In some cases, a(n) ____ supports decision making of members of the board of directors, who are responsible to stockholders.

    • A.

      Institutional DSS

    • B.

      Financial MIS

    • C.

      Flexible manufacturing system

    • D.

      Executive support system

    Correct Answer
    D. Executive support system
    Explanation
    An executive support system is a type of information system that supports decision making for top-level executives, such as members of the board of directors. These executives are responsible to stockholders, and they need accurate and timely information to make informed decisions. An executive support system provides them with relevant data, reports, and analysis to support their decision-making process. It helps them track key performance indicators, monitor the organization's financial health, and make strategic decisions. Therefore, an executive support system is the most appropriate choice for supporting decision making of board members who are accountable to stockholders.

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  • 40. 

    ____ involves determining long-term objectives by analyzing the strengths and weaknesses of the organization, predicting future trends, and projecting the development of new product lines.

    • A.

      Group consensus

    • B.

      Teleconferencing

    • C.

      Strategic planning

    • D.

      Heuristic

    Correct Answer
    C. Strategic planning
    Explanation
    Strategic planning involves analyzing the strengths and weaknesses of the organization, predicting future trends, and projecting the development of new product lines. It is a process of determining long-term objectives and creating a roadmap to achieve them. This involves evaluating the internal and external factors that may impact the organization's success and making informed decisions about the direction the organization should take. Strategic planning helps organizations align their resources and activities with their long-term goals, ensuring they are well-prepared to adapt to changing market conditions and remain competitive.

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  • 41. 

    The final stage of the problem-solving process is the ________ stage.

    Correct Answer
    MONITORING
    monitoring
    Monitoring
    Explanation
    The final stage of the problem-solving process is monitoring. This stage involves assessing the effectiveness of the solution and tracking its progress. Monitoring allows for adjustments to be made if necessary and ensures that the problem is fully resolved. It is important to monitor the solution to ensure that it is sustainable and continues to meet the desired outcome.

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  • 42. 

    ____________ decisions deal with unusual or exceptional situations.

    Correct Answer
    NON-PROGRAMMED
    Non Programmed
    Non programmed
    Non-programmed
    non programmed
    Explanation
    Non-programmed decisions deal with unusual or exceptional situations. These decisions are not routine or repetitive and require managers to use their judgment, intuition, and creativity to come up with a solution. Non-programmed decisions are typically made in response to new and unique problems or opportunities that arise in the organization. These decisions are often complex and involve a high level of uncertainty and risk. Unlike programmed decisions, which are based on established rules and procedures, non-programmed decisions require a more flexible and adaptive approach.

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  • 43. 

    __________ reports are produced periodically, or on a schedule, such as daily, weekly, or monthly.

    Correct Answer
    SCHEDULED
    Scheduled
    scheduled
    Explanation
    The word "scheduled" refers to something that is planned or arranged to happen at a specific time or on a regular basis. In the context of the question, "scheduled reports" are reports that are produced periodically or on a schedule, such as daily, weekly, or monthly. Therefore, the correct answer is "scheduled" in any capitalization form.

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  • 44. 

    Many departments within an organization are ____________, which means that they focus on generating profits.

    Correct Answer
    PROFIT CENTERS
    Profit Centers
    Profit centers
    profit centers
    profit Centers
    Explanation
    The correct answer is "profit centers". In an organization, profit centers are departments that are focused on generating profits. These departments are responsible for their own revenues, costs, and profits, and are often evaluated based on their ability to generate financial returns. Profit centers have the autonomy to make decisions and implement strategies to maximize profitability within their specific areas of responsibility.

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  • 45. 

    ___________ centers are divisions within the company that focus primarily on sales or revenues, such as a marketing or sales department.

    Correct Answer
    REVENUE
    Revenue
    revenue
    Explanation
    The given correct answer is "REVENUE, Revenue, revenue". This answer suggests that the centers mentioned in the question are divisions within the company that primarily focus on generating sales or revenues. These centers could include departments like marketing or sales, which are responsible for driving the company's revenue growth. The repetition of the word "revenue" in different cases (capitalized, lowercase, and title case) emphasizes its importance and reinforces the idea that these centers are dedicated to generating income for the company.

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  • 46. 

    _________ involves analyzing the financial condition of an organization and determining whether financial statements and reports produced by the financial MIS are accurate.

    Correct Answer
    AUDITING
    Auditing
    auditing
    Explanation
    Auditing involves analyzing the financial condition of an organization and determining whether financial statements and reports produced by the financial MIS are accurate. It is a systematic examination and verification of financial records, transactions, and processes to ensure compliance with laws, regulations, and accounting principles. Auditing helps to identify any errors, fraud, or irregularities in financial statements, providing assurance to stakeholders that the organization's financial information is reliable and trustworthy.

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  • 47. 

    __________ auditing is performed by an outside group, such as an accounting or consulting firm such as PricewaterhouseCoopers, Deloitte & Touche, or one of the other major, international accounting firms.

    Correct Answer
    EXTERNAL
    external
    External
    xternal
    Explanation
    External auditing refers to the auditing process that is conducted by an independent outside group or organization. This group is usually an accounting or consulting firm, such as PricewaterhouseCoopers, Deloitte & Touche, or one of the other major international accounting firms. These external auditors are not affiliated with the company being audited and provide an unbiased assessment of the company's financial statements, internal controls, and compliance with regulations.

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  • 48. 

                     _____________ is a process that ensures that the finished product meets the customers’ needs.

    Correct Answer
    QC
    Quality Control
    quality control
    Quality control
    quality Control
    Explanation
    Quality control (QC) is a process that ensures that the finished product meets the customers’ needs. It involves the systematic inspection, testing, and monitoring of the product during various stages of production to identify any defects or deviations from the desired quality standards. By implementing QC measures, companies can identify and rectify any issues before the product is released to the market, thereby ensuring customer satisfaction and maintaining the reputation of the brand.

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  • 49. 

                     One-of-a kind decisions are typically handled by a(n) ______________ DSS.

    Correct Answer
    AD-HOC
    Ad-Hoc
    ad-hoc
    Ad-hoc
    ad-Hoc
    Explanation
    An ad-hoc decision support system (DSS) is designed to handle one-of-a-kind decisions. This type of DSS provides flexible and customized support for unique and non-routine decision-making situations. It allows users to quickly analyze and evaluate different options and make informed decisions based on the specific circumstances at hand. The variations in capitalization of "ad-hoc" in the answer options do not affect the meaning or correctness of the term.

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  • 50. 

    ________ problems are straightforward, requiring known facts and relationships.

    Correct Answer
    HIGHLY STRUCTURED
    Highly Structured
    Highly structured
    highly structured
    Explanation
    Highly structured problems are those that have clear and well-defined parameters, known facts, and established relationships. These types of problems often have a single correct solution and can be solved using established procedures or algorithms. In contrast, unstructured problems are more complex and open-ended, requiring creativity and critical thinking to find a solution.

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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 23, 2011
    Quiz Created by
    Rvalatnational_e
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