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Pros of Design #2: This design's advantages lie in its simplicity; many unnecessary pages are cut out, allowing for ease of navigation and increased efficiency along with easy learnability. User-inputted information is easily editable, which provides more safety.
Cons of Design #2: Since this the design is so simple, its learnability may not be very high. Additionally, minimal, users might be underwhelmed by the lack of a "bulletin" feature in addition to other possible desired features.