Define the terms system, information system, and management information system
What will be an ideal response?
A system is a group of components that interact to achieve some purpose. An information system (IS) is a group of components that interact to produce information. A management information system is defined as a system that helps organizations achieve their strategies.
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Master Glue Hairspray, Inc contracts to purchase 100 umbrellas with its logo and slogan, "A spray a day keeps the rain and wind away!" specially printed on the umbrellas and its 1-800 telephone number on the umbrella handle. After the seller completes the order, Master Glue refuses to accept or pay for the umbrellas. Because of the special logo and telephone number, the seller has been unable to
find a new buyer. If the seller sues Master Glue, what is the proper measure of the seller's damages? a. Contract price minus market value of the goods at the time of delivery b. Contract price c. Lost profits d. Cover price minus contract price
Della, the new CEO of Sky Advertising, has been with the firm for over 25 years. She was picked by the board to turn the 85-year-old agency around and to do so, Della wants to bring back some old ideas that previously worked at Sky. She plans on having managers and veteran employees instruct each other about the organization's chosen values, beliefs, and expectations through holding some of the old rites and rituals, retelling stories about company legends, bringing back training and coaching, and once again having quarterly reward ceremonies. The things Della wants to do are an example of ________.
a. MBO b. embedding culture c. decentralizing authority d. TQM e. a value stabilizing plan
Bruce is considering adding dinosaur slippers to his novelty sleepware line. But first, he needs to determine if there is adequate market potential to justify the expense. Bruce is in the _________ stage of the new product development process.
Fill in the blank(s) with the appropriate word(s).
Norms refer to:
A. the social rules and guidelines that prescribe appropriate behavior in particular situations. B. a system of values that are shared among a group of people. C. the routine conventions of everyday life. D. abstract ideas about what a group believes to be good, right, and desirable