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What are the scopes of Management Information System?
Scope of Management Information System is:
a. For giving timely, accurate, relevant and whole information.
b. For giving information to all functional managers as like Production, Marketing, Finance and Personnel as well as R and D.
c. For giving information to all level of management as like Top level, Middle and Low level managers for making all intelligent decisions.
d. For giving information for Operational Planning, Strategic Planning and Management Control.
Existing machine Purchased 3 years ago Cost=22,000 Installation= 3000 Depreciation=3 years using the MACRS - 5 year Recovery schedule Current market value=10,000
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