MIS Is a Business Function

question 194

Multiple Choice

MIS is a business function. Which of the following does MIS perform to help aid the company in decision making and problem solving?

• A) Moves information about people.
• B) Moves processes across the company to improve systems.
• C) Moves information about products.
• D) All of these.

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Definitions:

Direct Labor Budget

A financial plan that estimates the cost of direct labor required to meet the production needs of a business.

Direct Labor Hours

The total hours worked by employees directly involved in manufacturing a product or providing a service.

Finished Goods

Inventory items that have completed the manufacturing process and are ready for sale to customers.

Direct Labor Cost

The expense related to the work of employees directly involved in the production of goods or services, such as wages for assembly line workers.