Management Information Systems
The physical system of the firm may be regarded as a flow of

manpower, machines, material, money, and data
manpower, machines, material, and money
manpower, machines, material, money, and information
information only
None of these

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Management Information Systems
A periodic report can facilitate management by exception by

consolidation of multiple transactions into a summary form
including complete alphabetic descriptions for each numeric entry
None of these
including only those transactions that fall within predetermined limits of acceptable performance
comparing actual performance with acceptable standards

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