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Review Questions 1. What are the four levels of activity in the pyramid representing the business organization? Distinguish between horizontal and vertical flows of information.

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Review Questions 1. What are the four levels of activity in the pyramid representing the business organization? Distinguish between horizontal and vertical flows of information. 2. What is the relationship among data, information, and an information system? 3. Distinguish between AIS and MIS. 4. What are the three cycles of transaction proces- sing systems? 5. What is discretionary reporting

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