2.4 information management

Question 1

MIS

Answer 1

used to collect store analyses and present data for a organization

process large amounts of data and organizes it

display financial status and areas of improvements

Question 2

adv of mis

Answer 2

shared a large amount of data from multiple departments

decision making, making by highlighting areas that need improvements

powerful analysis, accurate data analysis

data can be stored centrally an backed up easily if a disaster occurs

Question 3

dadv of mis

Answer 3

cost and installation, expensive tool thats needs to be professionally set up and requires technical knowledge to maintain

requires accurate data, if data is not accurate could lead to disastrous decisions

training, requires staff to be trained in order for them to use the system accurately

Question 4

data collection

Answer 4

info can be collected in different ways e.g paper forms or surveys