Management Information System

1. Define close versus open system.
- open system, system that is capable of self-maintenance on the basis throughbut of resources from the environment.
- close system, system in which the specifications are kept secret to present interference from third parties.

2. What is Information System?
- is usually a commerce and business administration discipline & frequently involves software development. Consists of all the components that work together to process date & produce information.

3. What is Information Map?
- it is derived from an analysis of the functions, activities & transactions, to achieve its goals & strategies such as teaching, research & governance or finance.

4. What is Information System?
- The study design development implementation support or management of computer based information system particularly software.

5. Components of Information System.
- Hardware & Software
- Data/ Information
- Procedure/ Policies
- People
- Purpose
- Communication Network

6. Exmaples of Information System
- Transaction Processing System
- Management Information System
- Decision Support System
- Office Automation
- Business Intelligence

Management Information System

Explain why information system are essential to business.
-Information system is essential in business establishment & companies b'coz it provides internal control, provides manager with tools for organizing, evaluating & efficiency in running their departments, to provide past, present, future prediction that helps in decision making.
2. Define data vs. information.
-Data is the raw material in the production of information.
-Information on the other hand, is facts or conclusions that have meaning within a context
3. What is a System?
-System is an array of components that work together to achieve a common goal, by accepting inputs, processing them, and producing outputs in an organized manner.