Roberto Perez is puzzled. His company had a profit margin of 10% in 2014. He feels that this is an indication that the company is doing well. Julie Beck, his accountant, says that more information is needed to determine the firm”s financial well-being. Who is correct? Why?
Management Information Systems should facilitate decision-making at all levels of management.Each level requires information with different characteristics and with differing degree of profitability. Required: a)Examine the characteristics of information used in (i) strategic planning and (ii) operational control. (11 marks) b)Discuss the features of deterministic, stochastic and adaptive systems. Give a practical example of each type of system.
October 30, 2015
12:09 pm
Read More »
