Why are information systems so essential for running and managing a business today? List and describe six
Question:
List and describe six reasons why information systems are so important for business today.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
Six reasons why information systems are so important for business today i...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Management Information Systems Managing the Digital Firm
ISBN: 978-0133050691
13th edition
Authors: Ken Laudon, Jane P. Laudon
Question Posted:
Students also viewed these Management Leadership questions
-
Why are information systems vulnerable to destruction, error, and abuse? 1. List and describe the most common threats against contemporary information systems. 2. Define malware and distinguish among...
-
Why are information systems vulnerable to destruction, error, and abuse? a) List and describe the most common threats against contemporary information systems. b) Define malware and distinguish among...
-
Describe why CRM is so important in managing supply chains. Use an example in your discussion.
-
Briefly discuss the economic reasons of the Suez Canal nationalization, whether nationalization led to a successful managerial model in its aftermath, and for which reasons.
-
You used the sum-mated rating to predict the cost of a restaurant meal (stored in Restaurants). For those data, SSR = 8,126.7714 and SST= 18,810.75. a. Determine the coefficient of determination, r2,...
-
Find the inverse of each matrix in Problem if it exists. 1 1 0 -1 0 1 1 -1 2.
-
Why is it important to use blinding in an experiment?
-
Which of the arguments for tariffs do you feel are most relevant in todays world?
-
17. The Bradford Company was recently required to record an inventory write-down of $5,200 because the market value of its inventory was less than cost. Assuming the amount of the write-down is not...
-
Brian and Corrine Lee are married taxpayers filing jointly. They live in the home they own, located at 3301 Pacific Coast Hwy., Laguna Beach, CA 92651. Brian is an optometrist who owns his business;...
-
How are information systems transforming business, and what is their relationship to globalization? 1. Describe how information systems have changed the way businesses operate and their products and...
-
What exactly is an information system? How does it work? What are its management, organization, and technology components? Define an information system and describe the activities it performs. List...
-
Discuss how the following pairs of scheduling criteria conflict in certain settings. a. CPU utilization and response time b. Average turnaround time and maximum waiting time c. I/O device utilization...
-
31. What is meant by path? 32. Give the formula for calculating D4 and D8 distance. 33. What is geometric transformation? 34. What is image translation and scaling? 35. Define the term Luminance
-
1. Explain Brightness adaptation and Discrimination 2.Explain sampling and quantization:
-
3. Explain about Mach band effect? 4. Explain color image fundamentals. 5. Explain CMY model.
-
1. Describe the fundamental steps in image processing? 2. Explain the basic Elements of digital image processing:
-
3. Explain the Structure of the Human eye 4. Explain the RGB model
-
Nominal Effective Exchange Rate Index. Explain how a nominal effective exchange rate index is constructed.
-
Is it ethical to provide safety training in English to immigrant workers who speak little English, in order to reduce costs?
-
Kent Sikes is a junior at State University. He has taken a summer job in the biggest factory in his hometown. He was told to report to the warehouse supervisor the first day at work. The supervisor...
-
How helpful is precision agriculture to individual farmers and the agricultural industry? Explain your answer.
-
Describe the problem faced by Plan International. What management , organization, and technology factors contributed to this problem?
-
Describe the system solution to this problem. Describe the types of systems used for the solution.
-
Dr. Claudia Gomez, a plastic surgeon, had just returned from a conference in which she learned of a new surgical procedure for removing wrinkles around eyes, reducing the time to perform the normal...
-
QUESTION 2 ( 2 0 Marks ) 2 . 1 REQUIRED Study the information provided below and prepare the Income Statement for the year ended 3 1 December 2 0 2 3 using the marginal costing method. INFORMATION...
-
DROP DOWN OPTIONS: FIRST SECOND THIRD FOURTH 5. Cost of new common stock A firm needs to take flotation costs into account when it is raising capital fromY True or False: The following statement...
Study smarter with the SolutionInn App