An Effective MIS Assesses Information Needs,develops Needed Information,and Distributes the Information

question 102

True/False

An effective MIS assesses information needs,develops needed information,and distributes the information to help managers use it in decision making.

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Definitions:

JIT

Just-In-Time, a lean manufacturing principle aiming to reduce waste and increase efficiency by receiving goods only as they are needed in the production process.

Small Lot Size

A production strategy where quantities of manufactured items are kept low, allowing for greater flexibility in product variation and reducing inventory costs.