Management information systems definition

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Reference no: EM132192041

1. Which of the following is NOT part of Management Information Systems (MIS) definition?

A. MIS exists to help an organization achieve its strategic goal.

B. MIS requires creating, monitoring, and adapting processes.

C. MIS supports an organization's competitive strategy.

D. MIS determines an organization's goals in an industry.

E. MIS focuses on processes, information systems, and information.

2. Tesla manufactures all electric vehicles with features and functions that made it the world's best-selling plug-in electric car in 2015 and 2016, despite its high price. Tesla's competitive strategy is best described as? _____________.

A. focused product differention

B. industry-wide cost leadership

C. broad cost differention

D. industry-wide product differentiation

E. focused cost leadership

3. A company makes calendars. Past demand and corresponding probability are given below. Price is $12.95 and Cost is $5. Salvage value is 50 cents each. Calculate expected profit for each strategy. How many should the store make?

Demand Probability

75,000 0.15

80,000 0.25

85,000 0.30

90,000 0.20

95,000 0.10

Reference no: EM132192041

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