Give Two Examples of Support Items Provided by Management Information

question 104

Essay

Give two examples of support items provided by management information systems.

Understand big data's role in digital innovation and business analytics.

Distinguish between various information systems and their business applications.

Differentiate between raw data, information, and the systems used for data processing.

Understand the impact of stock splits and reverse stock splits on shareholder equity and the number of shares outstanding.

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Definitions:

Spotlight Effect

The spotlight effect is the belief that others observe us more closely than they actually do, overestimating the extent to which our actions and appearance are noted by others.

Lump Sum Bonus

Merit pay that is awarded in a single payment and not built into base pay.

Scanlon Plan

A type of gainsharing program that incentivizes employees to increase productivity through cost-saving measures, sharing the resulting financial gains.

Base Pay

The initial rate of compensation that an employee receives in exchange for services, excluding extra payments like bonuses or overtime.