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

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

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

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

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