Management Information Systems: A Comprehensive Review for Final Examination
MIS301 Management Information System Final Examination Review
Chapter 7 – Cross-Functional Enterprise System
Many companies today are using information technology to develop integrated cross-functional enterprise systems that cross the boundaries of traditional business functions in order to reengineer and improve vital business processes all across the enterprise. These organizations view cross-functional enterprise systems as a strategic way to use IT to share information resources and improve
Read MoreManagement Accounting vs. Financial Accounting: Key Differences
4 Key Differences Between Management Accounting (MA) and Financial Accounting (FA)
Users
- MA: Internal users like managers and employees at all levels.
- FA: External stakeholders, creditors, banks, etc.
Regulations
- MA: No accounting standards or external rules to apply; generated to satisfy managers’ information needs.
- FA: Must follow accounting standards.
Source of Information
- MA: Both financial and non-financial data drawn from many sources, namely core accounting standards, market, customer, and economic
Just-in-Time Stock Control: Benefits, Costs, and Optimization
Just-in-Time (JIT) Stock Control
Just-in-time (JIT) is a stock-control method that aims to avoid holding stocks. It requires supplies to arrive just as they are needed in production, and completed products are produced to order. JIT requires that no buffer stocks are held and components arrive just when they are needed.
Key Requirements for JIT Implementation
- Excellent relationships with suppliers are essential.
- Production staff must be multi-skilled and adaptable.
- Equipment and machinery must be flexible.
Traffic Violations and Penalties: A Detailed Breakdown
Traffic Violations and Penalties
Less Severe Penalties
Article 170. Shall be punished with fines of five tax units (5 UT), subject to the penalties provided in this and other laws, those who commit the following offenses:
- Driving without plates or plates identifier not corresponding to the vehicle, or designs other than those prescribed by the competent authority.
- Failing to carry out the corresponding procedure of the vehicle with the National Registry of Vehicles and Drivers.
- Operating vehicles which
Organizational Structures and Management Theories
An organization is an entity formed by individuals and groups, oriented to the achievement of certain objectives by means of coordinated and directed functions, all this with continuity in time and with the capacity to adapt to constant changes.
- Entity: Used to name an entity as such.
- Function: Used to determine the parts of a company when task or function assignation is required, according to different responsibilities.
- Theory: Resulting from the previous two concepts, the theory emerges that seeks
Predictive Maintenance with Infrared Thermography
Predictive Maintenance
A technique to predict the future point of failure of a machine component so that the component can be replaced, based on a plan, just before it fails.
Predictive Maintenance Organization
This technique involves measuring various parameters that show a predictable relationship with the component’s life cycle. Examples of these parameters are:
- Vibration of bearings
- Temperature of electrical connections
- Insulation resistance of a motor’s coil
Monitoring
The objective is to review common
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