QUESTION 5 Management information systems MIS is a business

QUESTION 5 Management information systems (MIS) is a business function covering the application of people, technology, and procedures to solve business problems True False QUESTION 6 online custom clothing company. Paula has never heard of Porter\'s Five Forces Model, and Paula is the owner and operator of a high-end she wants to understand why she should perform an analysis using it If you were to tasked with explaining this model to Paula, what would be the primary reson she would want to use this type of analysis? 0 a. To help Paula choose a clothing business focus To help Paula evaluate the attractiveness of the clothing industry OC To help Paula evaluate and execute business goals o d. All of these

Solution

5) The correct choice is True

Explanation : - Management information systems (MIS) is a general name for the business function and academic discipline covering the application of people, technologies and procedures— collectively called information systems—to manage and solve business problems.

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6) The correct choice is b

Explanation : - Porter provides a framework for the analysis of competition where rivalry between firms is influenced by five forces :- supplier power, buyer power, the threat of entry by new firms, the threat from substitute products, nature of the rivalry between the firms themselves.