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If a firm does not use an ERP, the best way to mitigate the risk of the destruction of master data is to

A) implement backup and disaster recovery procedures. B) use an ERP. C) proper segregation of duties. D) use of multiple master data files.

The expected value of information that would tell the decision maker exactly which state of nature is going to occur is the _____

a. expected value of sample information b. expected value of perfect information c. maximum information d. expected value