Question

An information system must meet three fundamental objectives. Discuss why these objectives cannot effectively be met by a common set of information.

Answer 1

Three functions of information systems are

1. To support the stewardship function of management.

2. To support management decision making.

3. To support the firm’s day-to-day operations.

Managers of all areas typically need data from both the ais and the mis. If the data needed by managers for decision-making processes are located in two or more datasets, the preparation of reports is both inefficient and expensive. Further, a lack of coordination between the two datasets can result in data that is not consistent and is unreliable.