Q1. What is MIS? Define the characteristics of MIS? What are the basic Functions of MIS? Givesome Disadvantage of MIS?Ans. Definition :Organized approach to the study of information needs of a managementat every level in makingoperational, tactical, and strategic decisions. Its objective is todesign and implement man-machine procedures, processes, and routines that providesuitably detailed reports in an accurate, consistent, andtimely manner. Modern,computerized systems continuously gather relevant data, both from inside andoutside theorganization. This data is then processed, integrated, and stored in a centralized database(or data warehouse) where it is constantly updated and made available to all who have theauthority to accessit, in a form that suits their purpose.Characteristics of MIS:MIS is mainly designed to take care of the needs of the managers in the organization.MISaids in integrating the information generated by various departments of theorganization.MIS helps in identifying a proper mechanism of storage of data.MIS alsohelps in establishing mechanism to eliminate redundancies in data.MIS as a system can be broken down into sub systems.The role and significance of MIS in business and itsclassification is explained. It is possible to understandthe various phases of developmentin MIS based on the type of system required in any organization.Functions of MIS1. Data processingIt includes the collection, transmission, storage, processing and outputof data. It simplifies the statisticsand reduces to the lowest cost by supplying an unifiedformat.2. Function of predictionIt predicts the future situation by applying modern mathematics,statistics or simulation.3. Function of planIt arranges reasonably the plans of each functional department inaccordance with the restrictions afforded by enterprises and provides the appropriate planning reports according to different management.4. Function of controlIt monitors and inspects the operation of plans and comprises withthe differences between operation and plan in accordance with the data afforded by everyfunctional department, and be assistant to managers tocontrol timely each method byanalyzing the reasons why the differences comes into being.5. Function of assistanceIt derives instantly the best answers of related problems byapplying to various of mathematics’ mode andanalyzing a plentiful data stored incomputers in the hope of using rationally human resource, financialresource, materialresource and information resource for relative abundant economic benefits.Disadvantages of MIS1.highly senstive requires constant monitoring.2.buddgeting of MIS extremely difficult.