1) Management information systems (MIS) provide managers with information to support decision making and provide feedback on daily operations. MIS integrate subsystems along functional lines to provide standardized reports from stored transaction data. 2) Data is raw facts while information is data placed in context. Computer-based information systems take data as input, process it, and produce informative output. 3) MIS benefit organizations by providing the right information to the right people at the right time to help achieve goals and identify problems and opportunities for improvement.