AIN2601 - ASSESSMENT 6 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024

2024 – S1 – AIN2601 – ASSESSMENT 6 – Q&A 1 Assessment 6 Started on Friday, 24 May 2024, State Finished Completed on Friday, 24 May 2024, Time taken Grade 40.00 out of 40.00 ( 100%) Question 1 The management information system (MIS) converts data into various reports disseminated to management. Which one of the following is NOT a general type of report generated by the management information system? 1. Scheduled reports 2. Exception reports 3. Demand reports 4. Purchase reports Feedback Your answer is correct. The correct answer is: Purchase reports Question 2 Complete information contains all facts. If vital information is excluded, management could end up making the wrong decision. Select one: 2024 – S1 – AIN2601 – ASSESSMENT 6 – Q&A 2 True False Feedback The correct answer is 'True'. Question 3 A financial management information system (MIS) integrates financial and operational information from various sources into one system. An example of a use of a financial management information system report includes ________. 1. market analyses and research 2. payroll administration 3. order backlogs 4. summaries of cash -flow information Feedback Your answer is correct. The correct answer is: summaries of cash -flow information Question 4 Business intelligence software and management information system are always used interchangeably and are therefore the same concept. Select one: True False Feedback 2024 – S1 – AIN2601 – ASSESSMENT 6 – Q&A 3 The correct answer is 'False'. Question 5 A disadvantage of XBRL is that data received via XBRL cannot be validated and analysed by using specific software. Select one: True False Feedback The correct answer is 'False'. Question 6 The management information system (MIS) provides lower -level management personnel with information to make structured decisions at operational level. Select one: True False Feedback The correct answer is 'False'. Question 7 Business information systems is a special software that combines information obtained from a data warehouse, from all functional areas in the organisation and external sources to a lesser extent to generate reports required by top management. Select one: True False Feedback The correct answer is 'False'.