Question Tag: Management Information Systems
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+ past questions and counting.
- 8 Marks
PM – Nov 2018 – L2 – Q5b – Business Process Reengineering
Discuss six key challenges in developing a management information system for an organization.
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- Tags: Challenges, Management Information Systems, System Development
- Level: Level 2
- Topic: Business Process Reengineering
- Series: NOV 2018
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- 1 Marks
MI – May 2022 – L1 – SA – Q1 – Accounting for Cost Elements
Identify a cost that is not a carrying cost in inventory control from the list provided.
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- Tags: Carrying Cost, Inventory Control, Management Information Systems
- Level: Level 1
- Topic: Accounting for Cost Elements
- Series: MAY 2022
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- 1 Marks
MI – May 2024 – L1 – SA – Q13 -Information Systems Development and Security
Identifies the key reason why people are essential for MIS implementation success.
Question
MIS implementation CANNOT be successful without people because of which of the following?
A. Systems will be costly
B. People cannot be successful with MIS
C. It is contrary to labour law
D. System cannot be effective without people
E. People will destroy any computer system
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- 15 Marks
BMIS – Nov 2016 – L1 – Q6b – Introduction to information technology and information systems
Recommend factors to consider before implementing a Management Information System (MIS).
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- 16 Marks
BMIS – Nov 2017 – L1 – Q2b – Introduction to information technology and information systems
Illustrate how businesses use MIS in Finance, Manufacturing, Sales, and Human Resources.
Question
b) Businesses use Management Information Systems (MIS) in their operations. Illustrate with ONE example each of how businesses use MIS in the following functional areas:
i) Finance and Accounting
ii) Manufacturing and Production
iii) Sales and Marketing
iv) Human Resource Management
(16 marks)
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- 4 Marks
BMIS – Nov 2017 – L1 – Q2a – Introduction to information technology and information systems
Convince a CEO about the benefits of investing in Management Information Systems (MIS).
Question
a) Your friend who is the Chief Executive Officer of a food processing company recently discussed with you the need for his organization to adapt to technological changes by investing in Management Information Systems (MIS). His problem, however, is that the benefits that will accrue to the business may not justify the costs involved in such huge investments.
Required:
Convince your friend by stating FOUR benefits that will accrue to the company for investing in such a project.
(4 marks)
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- 10 Marks
BMIS – May 2017 – L1 – Q5a – Introduction to information technology and information systems
Introduction to information technology and information systems
Question
There are a large range of information systems available to an organisation, each with different characteristics, reflecting the different roles they perform. Many systems do not fit neatly into a single category.
Required: Describe each of the five systems listed below:
i) Transaction Processing Systems
ii) Management Information Systems
iii) Executive Information Systems
iv) Decision Support Systems
v) Office Automation Systems
(10 marks)
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- 10 Marks
BMIS – Dec 2023 – L1 – Q5a – Introduction to information technology and information systems
Explains five factors to consider before implementing a Management Information Systems (MIS) package.
Question
You recently submitted a memorandum to the Operations Sub-Committee of the Board of Directors of your company recommending the installation and implementation of a Management Information Systems (MIS) package in order to enhance operational efficiency.
In response, the Committee has requested you to outline the conditions to be fulfilled before the package could be successfully implemented.
Required:
Explain FIVE (5) factors to be considered before the implementation of the MIS package.
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- 20 Marks
IMAC – MAY 2021 – L1 – Q3 – Relevant Cost and Revenue
Identifying relevant and irrelevant costs for a construction contract, and qualities and uses of management accounting information.
Question
a) Kwame Adjei has been invited to bid for a contract to construct a place of convenience for a school at Gorlu in the Upper East Region. He has estimated the following expenses to be incurred to execute the contract.
- Cost of concrete mixer bought at GH¢70,000 three years ago, has a written down value of GH¢52,000.
- Stones bought six months ago at GH¢1,800 per trip currently sells at GH¢2,200 per trip. The contractor constantly uses the stones.
- 200 bags of cement bought three months ago at GH¢40 per bag, currently sells at GH¢45 per bag.
- Sand to be bought at GH¢900 per trip.
- Each mason is to be paid GH¢80 per day.
- 600 pieces of 5” blocks sells at GH¢3 per piece.
Required: i) Identify and explain TWO (2) costs that cannot be used in bidding for the contract. (4 marks)
ii) Identify and explain THREE (3) costs that can be used to bid for the contract. (6 marks)
b) Outline FIVE (5) qualities of good management accounting information system. (5 marks)
c) State and explain FIVE (5) uses of costs and management accounting information to a profit-making organisation. (5 marks)
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- 20 Marks
IMAC – MAY 2021 – L1 – Q2 – Budgeting | Cost and Cost Behaviour | Relevant Cost and Revenue
QR activity-based budgeting system for products Q and R, and working capital calculation for a company.
Question
a) QR uses an activity based budgeting (ABB) system to budget product cost. It manufactures two products, product Q and product R. The budget details for these two products for the forthcoming period are as follows:
| Product Q | Product R | |
|---|---|---|
| Budgeted production (units) | 80,000 | 120,000 |
| Number of machine setups per batch | 4 | 3 |
| Batch size (Units) | 5,000 | 4,000 |
The total budget cost of setting up the machine is GH¢74,400.
Required: i) State and explain THREE (3) objectives of budgeting. (6 marks)
ii) Calculate the budgeted machine setup cost per unit of product Q and R. (5 marks)
iii) State THREE (3) benefits and TWO (2) limitations of using an activity-based budgeting system. (5 marks)
b) A company has annual sales revenues of GH¢30 million and the following working capital periods:
| Period | Months |
|---|---|
| Inventory conversion period | 2.5 |
| Accounts receivable collection period | 2.0 |
| Accounts payable payment period | 1.5 |
Production costs represent 70% of sales revenue.
Required: Calculate the total amount held in working capital excluding cash and cash equivalents. (4 marks)
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