Management Information System

{"id"=>1226, "level_no"=>1, "level_title"=>"Meaning of Management Information System:", "notes"=>"<p>The management information system is a system, which is designed to provide information to various organizational levels, to assist them in decision-making.</p>\n<p>This is certainly not a new system. Many firms have customer information systems, accounting information systems; marketing information Systems.</p>\n<p>These levels use the information for the purpose of decision-making. As business organizations grow in complexity, managers depend more heavily upon various external and internal sources of information. The growing complexity of the business organizations also increases the quantum of points at which decisions must be made, ranging from individual decision-maker at the lowest operating levels to strategic decision-maker at the top.</p>\n<p>&ldquo;Management information system is a system of people, equipment, procedures, documents, and communications, that collects, validates, operates, transformers, stores, retrieves and presents data for use in planning, budgeting, accounting, controlling and another management process&rdquo;</p>", "challenge_id"=>570, "created_at"=>Tue, 05 Jan 2021 07:59:30.676772000 UTC +00:00, "updated_at"=>Tue, 05 Jan 2021 07:59:30.676772000 UTC +00:00}