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A company would like to implement a management information system that integrates all functional areas within an organization to allow information exchange and collaboration among all parties involved in business operations.Which of the following systems is most effective for this application?
Royalty
A payment made to the owner of certain property rights for the use of those rights by others, common in publishing and patenting.
Strategic Alliance
A partnership between businesses, forged to leverage competitive advantages without sacrificing their individual autonomy.
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