Management systems provide:
A)The means to run a firm effectively and efficiently while minimizing human intervention
B)Informational mechanisms and financial mechanisms to provide resources to a firm at any price
C)Control for stakeholders in general and pressure for employees
D)Mechanisms for communication, decision-making, and control to achieve a balance between coordination and cooperation

Question

Quizplus · Accepted Answer

Management systems are designed to facilitate communication, decision-making, and control within an organization. The goal is to strike a balance between coordination and cooperation, ensuring that everyone is working together towards common goals. This helps to optimize efficiency and effectiveness while minimizing the need for human intervention. While management systems may also provide information and financial mechanisms, such as budgeting and forecasting tools, their primary purpose is to support coordination and collaboration within the organization.

Management Systems Provide