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A formal management control system consists of the following phases: I. Measurement and reporting, evaluation, budgeting, and information II. Strategic planning, budgeting, information, and measurement

A formal management control system consists of the following phases:

I. Measurement and reporting, evaluation, budgeting, and information

II. Strategic planning, budgeting, information, and measurement and reporting

III. Information, evaluation, budgeting, and strategic planning

IV. Budgeting, evaluation, strategic planning, and measurement and reporting

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