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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.
A human resources department must know if the wage rate is stable, will increase or decrease. If equilibrium exists, wages are stable, if excess demand exists; wages will increase
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