Welcome to our blog exploring “MIS” (Management Information Systems), an essential aspect of modern business operations. MIS involves utilizing technology to gather, process, and analyze data for effective decision-making and strategic planning.
In this guide, we’ll delve into the fundamental concepts of MIS and its significance in today’s organizations. From databases and software applications to hardware infrastructure and networking technologies, we’ll explore the components that comprise MIS.
Moreover, we’ll discuss how MIS enables businesses to streamline operations, enhance communication, and gain valuable insights from data analysis. By harnessing the power of MIS, organizations can make informed decisions, optimize processes, and achieve their strategic objectives.
Whether you’re a business professional, entrepreneur, or student, understanding MIS is crucial for navigating the complexities of today’s digital landscape. Throughout this blog, we’ll provide practical insights and examples to help you grasp the concepts of MIS and its applications in real-world scenarios.
Join us on this journey as we uncover the principles, technologies, and benefits of MIS. Whether you’re looking to enhance your career prospects, improve organizational efficiency, or simply expand your knowledge, we’re here to guide you through the world of management information systems. Welcome aboard!
So, let’s move on to the quiz questions with answers.
Q1. What are the optimal coordinates of the DC?
Select one:
a. 55.47, 17.47
b. 50.82; 7.47
c. 44.66, 8.25
d. 32.20, 9.85Q2. What is the maximum distance from the optimal DC location to a customer?
Select one:
a. 266.11 km to Bremen
b. 785.22 km to Berlin
c. 506.11 km to Prague
d. 366.11 km to BremenQ3. What is the minimum distance from optimal DC location to a customer?
Select one:
a. 43.55 km to Cologne
b. 43.55 km to Prague
c. 43.55 km to Frankfurt
d. 43.55 km to BerlinQ4. What are the total costs of the SC?
Select one:
a. $22,732,644.07
b. 16,306,269.50
c. $12,232,644.07
d. $2,732,644.07Q5. Compare the data in statistics “Flows” and table “Demand”. Do we satisfy all customer demand from the optimal DC location? Yes=True, False = No
Select one:
a. True
b. FalseQ6. What are the total costs of the SC?
Select one:
a. 9,034,129.74
b. $1,513,161.302
c. $513,961.302
d. $1,513,961.302Q7. Compare the results with one and two DCs in terms of costs and responsiveness. The SC design with two DCs decreases responsiveness and increases total costs
Select one:
a. True
b. FalseQ8. What other costs were not considered in selecting the optimal facility location in the GFA?
Select one:
a. Taxes, utilities and employee costs
b. Cost of trucks, employees and utilities
c. Cost of trucks and employees
d. Fixed facility costs, inventory holding costs, processing costs. Q9. What is the most profitable SC design?
Select one:
a. Factory Czech Republic, DC in Poland
b. Factory in Poland DC in Poland
c. Factory Poland, DC in Czech Republic
d. Factory Czech Republic, DC in GermanyQ10. Is demand for all customers satisfied? Yes=True, False = No
Select one:
a. True
b. FalseQ11. What is the total revenue of the most profitable SC?
Select one:
a. $44,623,075.0
b. $440,623,075.0
c. $144,623,075.0
d. $24,623,075.05Q12. What is total profit of the most profitable SC?
Select one:
a. $26,808,466.04
b. 26,256,743.96
c. $26,308,466.04
d. $26,266,388.05Q13. Compare the data in statistics “Production Flows” and table “Demand”. Does the production quantity correspond to the total demand? Yes=True, No=False
Select one:
a. True
b. FalseQ14. Compare the optimal SC design as computed in the NO and the initial SC design (factory and DC in Germany) in terms of profit.
Select one:
a. True
b. FalseQ15. Other costs that should be considered when redesigning the SC according to NO results are opening/closure costs.
Select one:
a. True
b. FalseQ16. Other factors, apart from costs, should be considered when redesigning the SC according to NO results. There are many including location costs, distance shipping costs, labor costs, but NONE of the following: Workforce qualification and know-how, disruption risks, future market trends, changes in supplier structures, risks of outsourcing.
Select one:
a. True
b. FalseQ17. What is the total flow cost with 3 DCs? (Choose the closest answer that you came up with)
Select one:
a. $6,528,269.37
b. $16,528,269.37
c. $45,555,269.22
d. $36,528,900.37
e. $61,528,269.37Q18. What is the total flow cost with 2 DCs? (Choose the closest answer that you came up with)
Select one:
a. $910,023.50
b. $96,910,023.50
c. $36,910,456.0
d. $6,910,023.50
e. $16,910,023.50Q19. What is the total flow cost with 5 DCs? (Choose the closest answer that you came up with)
Select one:
a. $111,326,353.85
b. $21,326,353.85
c. $16,826,353.85
d. $1,826,953.85
e. $1,326,353.85Q20. Having also tried 1 site and 4 sites, assuming that it costs $15 million per DC to maintain it yearly, adding flow costs and DC maintenance costs together, what would be the least cost scenario? Choose the number closest to what you came up with.
Select one:
a. 1 DC, total costs $63,810,228.15
b. 1 DC, total costs $33,610,388.15
c. 2 DCs, total costs $13,210,318.15
d. 3 DCs, total costs $1,610,388.15
e. 5 DCs, total cost $1,326,353.85
Answers: MIS Quiz Questions
- b
- a
- a
- d
- b
- d
- a
- d
- a
- a
- a
- c
- a
- a
- a
- a
- b
- e
- a
- a