7) What are the skills required to be a good MIS professional?
Followings are some of the skills required to be a good MIS professional –
23) Describe MIS classification as per information characteristics.
Based on Anthonys brand of Management, information that is used in commerce trade for decision-making is generally categorized into three types:
For more details, read: Classification of MIS
6) What is the role of MIS professionals?
Companies employ information systems at various levels of business to gather, process, and store data. MIS professionals accumulate and disseminate this data in the form of information needed to carry out the daily operations of the business.
34) What is Executive Information System (EIS?)
An Executive Information System (EIS) is a kind of decision support system (DSS) used in organizations to help executives in decision making. It does so by providing easy access to important data needed in an organization to achieve strategic goals. An EIS usually has graphical displays on a user-friendly interface.
Executive support systems are intended to be used directly by senior managers to support unscheduled strategic management decisions. Often such information is external, unstructured, and even uncertain. Often, the exact scope and context of such information are not known in advance.
This information is based on data,
For more details, read: Executive Information System (EIS)
5) Why companies are using MIS?
MIS is a combination of principles, theories, and practices of management, which play an important role in business organization in the planning and decision-making process.
For more details, read: Overview of MIS
4) What are the major functional areas of MIS?
The major functional areas of MIS are business information system, Manufacturing, Marketing, Quality Assurance, Financial and Accounting, Research and Development, and Human Resource Information Systems.
9) What are the career opportunities for MIS professionals?
The career opportunities for MIS professionals are as follows –
31) What is Transaction Processing System (TPS)?
TPS stands for Transaction Processing System. A transaction process system (TPS) is an information processing system for business transactions that collects, modifies, and retrieves all of the data associated with the transaction. It is software that maintains track of transactions by processing the data in an online recording system and storing the results. TPS stands for Transaction Processing System. The Transaction Processing System (TPS) manages the business transactions of the client and therefore helps a companys operations. The performance, dependability, and consistency of a TPS are all important characteristics. Transaction processing (sometimes known as real-time processing) is another term for TPS.
Types of Transaction Processing Systems
There are two types of Transaction Processing Systems –
Features of Transaction Processing System
A good transaction processing system must have a number of features in order to be effective. A couple of these key features are discussed in greater detail below –