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Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
Publisher: Cengage Learning
ISBN: 9781285867168

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Section
BuyFindarrow_forward

Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
Publisher: Cengage Learning
ISBN: 9781285867168
Chapter 10, Problem 4DQ
Textbook Problem
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Why is auditing so important in a financial MIS? Give an example of an audit that failed to disclose the true nature of the financial position of a firm. What was the result?

Program Plan Intro

Information system:

  • An information system is a system which provides the necessary information to an organization to achieve the goals.
  • It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to customers.
  • The main components in the information system are people, data, procedures, hardware, as well as software.
  • The main function of information system is to accept and process the input data and then stores the retrieved information and distributes it across the organization.

Explanation of Solution

Importance of auditing:

  • Auditing involves analyzing of financial condition for an organization.
  • It determines whether financial statements and reports produced by financial MIS are accurate.
  • The sound auditing procedures are required.
  • It can reveal potential fraud.
  • It can reveal false or misleading information...

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Chapter 10 Solutions

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Ch. 10 - ______ decisions deal with typically onetime...Ch. 10 - A decision that inventory should be ordered when...Ch. 10 - A satisficing model is one that will find a good...Ch. 10 - A(n)_____ presents a set of key performance...Ch. 10 - The _____ defines the accounting categories of a...Ch. 10 - Financial accounting and managerial accounting are...Ch. 10 - ______ is an independent business unit that is...Ch. 10 - Decision support systems are designed solely for...Ch. 10 - What component of a decision support system allows...Ch. 10 - The ______ approach is a structured, interactive,...Ch. 10 - The _____ is a structured method for brainstorming...Ch. 10 - There are several multivoting processes that can...Ch. 10 - What is the difference between decision making and...Ch. 10 - What is a satisficing model? What is an...Ch. 10 - Identify and briefly describe the three stages of...Ch. 10 - What is the difference between a structured and an...Ch. 10 - Give several examples of heuristics that you use...Ch. 10 - Identify and briefly describe the basic kinds of...Ch. 10 - Describe the difference between a profit center,...Ch. 10 - How can a social networking site be used in a DSS?Ch. 10 - What are the primary activities supported by a...Ch. 10 - Describe the functions of a human resource MIS.Ch. 10 - What is a geographic information system? Give an...Ch. 10 - How can location analysis be used in a marketing...Ch. 10 - List some software tools used in group support...Ch. 10 - Identify and briefly describe the primary...Ch. 10 - State the objective of a group support system...Ch. 10 - Identify and briefly describe five decision-making...Ch. 10 - What is a decision room and when might one be...Ch. 10 - Think of an important problem you had to solve...Ch. 10 - Identify a problem that would benefit from using...Ch. 10 - Describe the key features of a human resource MIS...Ch. 10 - Why is auditing so important in a financial MIS?...Ch. 10 - Describe two industries where a marketing MIS is...Ch. 10 - Pick a company and research its human resource...Ch. 10 - Under what conditions and for what types of...Ch. 10 - What functions do DSSs support in business...Ch. 10 - How is decision making in a group environment...Ch. 10 - You have been hired to develop group support...Ch. 10 - Use the Internet to identify two GSS software...Ch. 10 - Use the Internet to identify three GSS software...Ch. 10 - Have your team make a group decision to identify...Ch. 10 - Have your team design a human resource MIS for a...Ch. 10 - Do research on the Web to find an example of an...Ch. 10 - Use the Internet to explore applications for...Ch. 10 - Software, such as Microsoft Excel, is often used...Ch. 10 - What decisions are critical for success in a...Ch. 10 - Describe the features of a decision support system...Ch. 10 - Irish Life had business software that was only...Ch. 10 - What steps can companies take to make sure that...Ch. 10 - What data do financial experts at a company like...Ch. 10 - Irish Life is now offering online tools that...Ch. 10 - As a manager, you must choose between two...Ch. 10 - As a manager of a Mando factory, you might be...Ch. 10 - Managers at Mando receive daily and monthly...Ch. 10 - Explain why it would be more difficult for Mando...Ch. 10 - What functional areas of Altitude Online are...Ch. 10 - How do MISs and DSSs provide a value add to...Ch. 10 - How do you think MISs and DSSs assist Altitude...Ch. 10 - How can the quality of information systems affect...

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