Comprehensive Test Question 1.

1. What are some common types of reports generated by a management information system? How can they be used?

Some common reports generated by a management information system are:

Scheduled Reports are produced periodically, or on a schedule, such as a daily, weekly, or monthly. Example: Manufacturing Report.

Key Indicator Report summarizes the previous day's critical activities and is typically available at the beginning of each week. Example: Can summarize inventory levels, production activity and sales volume.

Demand Reports are developed to provide certain information upon request. Example: Reports requested by executives to show the hours worked by a particular employee.

Exception Reports are reports that are automatically produced when a situation is unusual or requires management action. Example: A manager might set a parameter that generates a report of all inventory items with fewer than the equivalent of five days of sales on hand.

Drill-Down Reports provide increasingly detailed data about a situation. Example: Using these drill down reports, analysts can see data at a high level first, then at a more detailed level, and then a very detailed level.