Management Information Systems – Section 1

11. A financial modeling package for a PC is similar to a spreadsheet package, but it can handle larger data files than a spreadsheet, and it has a built-in _____ seeking function.

A. aim
B. target
C. goal
D. plan
E. None of the above

Correct Answer: C. goal

12. _____ means that the manager spends his or her time dealing with exceptions or those situations which are out of control

A. relevant
B. management by exception
C. predictive reports
D. control
E. None of the above

Correct Answer: B. management by exception

13. _____ decisions are those decisions for which policy standards or guidelines are already established.

A. programmable
B. control
C. predictive reports
D. relevant
E. None of the above

Correct Answer: A. programmable

14. _____ is the use of a model in an attempt to identify and/or reflect the behavior of a real person, process, or system.

A. master
B. decision
C. plan
D. simulation
E. None of the above

Correct Answer: D. simulation

15. One of the three most common types of payment systems is the

A. pinion fund transaction system
B. travel expense reimbursement system
C. accounts payable system
D. All of the above
E. None of the above

Correct Answer: D. All of the above

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