1. What is/are main differences between Transaction processing systems (TPS) and Management Information Systems (MIS):

1. MIS generates exception, summary and drill down reports.
2. MIS helps mid-level management making decision in shared resources allocation.
3. MIS improves operational accuracy, efficiency as well as reducing costs.
4. MIS consolidates data to prepare for strategic plan.
5. MIS allows users to build Ad-hoc report.

1. i, ii, iii
2. ii, iii
3. iii
4. All of above
5. None of the above

2. Which of the following is/are component(s) of optimization using Excel Solver?

1. The decision variables
2. The constraints
3. The loading
4. The policy
5. The objective

1. i, ii, iii, v
2. ii, iii, iv
3. i, ii, v
4. None of the above
5. All of the above