What Is a Management Information System

question 51

Multiple Choice

What is a management information system?

• A) A system that supports managers by providing daily reports, schedules, plans, and budgets that can be used for making decisions
• B) An easy-access application of an information system designed for instant access by upper-level managers
• C) An information processing application for use in business activities involving well-defined processing steps
• D) An interactive system that locates and presents information needed to support the decision-making process
• E) A repository of information resources related to the collection of data

Identify the benefits of having an effective ethics hotline and how it supports organizational ethics compliance.

Assess the significance of top management support in the effectiveness of ethics and compliance programs.

Understand the role and implications of the Federal Sentencing Guidelines for Organizations (FSGO) in promoting ethical behavior.

Recognize the importance of designing ethical programs that avoid overly legalistic language to facilitate better understanding and compliance among employees.

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Definitions:

Trade Discounts

A reduction in the listed price of a product or service offered by sellers to buyers engaged in trade or commerce.

Marketing Activities

Actions or tasks related to promoting and selling products or services, including advertising, product development, and market research.

Trade Discounts

A reduction in price given by a supplier or manufacturer to a buyer based on the quantity of product purchased or the immediate payment of goods.

Future Marketing

Strategies and efforts made to plan and execute marketing activities targeting future trends and consumer needs.