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Explain about the Management Information System.
Management Information System:
It is defined as like a formal method of making obtainable to management the precise and timely information essential to facilitate the decision making process and make possible the organisation’s planning, operational and control functions to be carried efficiently and effectively.
The reason is to aid decision making as well as not to automate the Decision making process.
VK Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000
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