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What are the advantages and disadvantages of an ERP system with a centralized database? Give example for each advantage and disadvantage. Describe the four parts

What are the advantages and disadvantages of an ERP system with a centralized database? Give example for each advantage and disadvantage.

Describe the four parts of the data processing cycle and the major activities in each.

Answer focus:

1) Data Input. =

2) Data Storage. =

3) Data Processing. =

4) Information Output. =

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