ACCA Performance Management (F5) Certification Practice Exam

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Which of the following is not considered a type of Management Information System (MIS)?

Database system
Financial control system
Inquiry system
Support system

The correct answer is: Financial control system

A Financial Control System is primarily concerned with the management of financial transactions and reporting, and while it provides valuable information for decision-making, it is not classified as a type of Management Information System (MIS). MIS generally refers to systems that help in managing and processing data to assist managers in making informed decisions. On the other hand, a Database System is fundamental to an MIS as it stores, retrieves, and manages data effectively. Inquiry Systems are designed to provide specific information from a larger set of data, often allowing users to easily query databases and obtain necessary reports. Support Systems, such as Decision Support Systems (DSS), complement MIS by aiding in complex decision-making processes using data models and analytical techniques. Thus, identifying a Financial Control System as not fitting within the umbrella of MIS highlights the distinction between general management information and specific financial management activities.