In a Management Information System (MIS),the Quality of Information Is

question 92

True/False

In a management information system (MIS),the quality of information is determined by its usefulness to users,and its usefulness determines the success of the information system.

---

Definitions:

Allowance Method

A method in accounting that involves estimating the accounts that are uncollectible at the end of each period to account for bad debts.

Receivables

Amounts owed to a company by customers or other parties as a result of the company providing goods or services on credit.

Bankruptcy

A judicial process concerning an individual or enterprise that cannot fulfill its debt obligations.

Service Contract

A formal agreement between a service provider and a client, detailing the terms of service to be rendered.