a conceptual system or a physical system on ? Clearly, explain your answer (use of syst Is a computer examples is encouraged). 1. a. b. Information produced by the information processor must be free of errors. An information processor should provide the manager with as much information as possible. 3. Applying the concept of the general system model to an academic department (e.g.; Mathematics and Computer Science), identify major input resources, transformation process, and output resources. In the department, who is in charge of management? 4 What is the purpose of management information system (MIS) in a firm? What are the five stages of traditional system development life cycle? duced costs of Internet communications affect electronic f firms that can entirely operate over the Internet (including delivering How will the increased speed and costs products to customers over the Interne