Management Information Systems
According to Adam Smith, what are 3 ways that businesses can make labor more effiecent
1. They have workers specialize in a single, simple task 2. They can reduce the distance between manufacturing steps and facilities 3. They can invent machines to multiply the productivity of workers
What idea or concept does Adam Smith propose in his invisible hand theory?
A free unregulated market operates better than one in which the government controls the business activities of individuals and companies
ERP (enterprise resource planning) would be useful in:
A hospitality brand needs to know how directly its marketing and ads efforts effect room sales An international automaker must coordinate its new vehicle production line with elements of it supply chain To make sure each upcoming weeks food is freshly sourced, manager keeps. up with how quickly current weeks specials sell out
When in person meetings can be better than video conference
A meeting content is sensitive
An example of primary function of human resource information systems
A small company selects employees who should be considered for promotion by determining which employees have received the top 10% of performance evaluations scores over a three year period
How can working with MIS affect work life balance?
A steady flow of business information and the need to respond can encroach on personal time The temptation to work overtime or without breaks can lead to competition and stress
Who might use mainframe computers
An airline taking reservations A warehouse restocking a recently published book A company seeking better operational efficiency
Henri Fayol's guiding principles of management address the welfare of employees
By requiring that all employees are fairly compensated, have clear lines of authority and communication, managers are fair and kind to employees, and managers encourage people to take initiative
Mary Parker Follett defines the elements of a successful business as
Competence and expertise
Describe examples of how clinet-server networks are used
Data storing, printing, and storing data on the internet
An MCIR reader is an example of
POS input devices?
What did Henri Fayol consider to be the main rules or responsibilities of a manager?
Planning, organizing, staffing, directing, and controlling processes (POSDC)
Fredrick Taylor used time-and-motion studies to
break down work task to find ways to improve them
Defines the purpose of data analytics
it helps increase organizational performance by drawing meaning from large amounts of data
According to Fredrick Taylor, the purpose of management is to
make the business as prosperous as possible
Forecasting
the attempts to determine the supply of and demand for various types of human resources to predict areas within the organization where there will be labor shortages or surpluses
The development and growing popularity of flextime arrangements can largely be attributed to
the spread of highspeed internet and technologies such as telecommuting and teleconferencing
What is the key role of client-server network in business
to provide personal computer users secured access to shared data
The main function of executive support systems (ESSs) is to
turn data into information to support high-level decision making
At the time cash registers were invented "ringing up" a customer meant
Each time the cash draw was opened the register rang, alerting a shop owner to register activity
What is a benefit a student gains by using an LMS?
Student performance is more easily tracked through the gradebook, giving a student constantly updated view of their grade
An example support system (ESS) would be most useful in
Reports from all divisions are needed quickly for crucial decision The board needs detailed information about a new product from the research and development group
A manager wants to accurately predict how many scooters they'll need to meet holiday demand. Which component of supply chain management would the manager be using to determine the appropriate number to produce
Supply chain planning
