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What Are Enterprise Resource Planning Systems? How Do They Differ

question 74

Essay

What are enterprise resource planning systems? How do they differ from traditional approaches? Identify three enterprise resource planning system vendors.


Definitions:

Possess

To have or hold something as one's own, to control or occupy something whether physically or legally.

Ownership

The legal right to possess, use, and dispose of something, encompassing both tangible and intangible assets.

Subrogation

The legal right of an insurance company to pursue a third party that caused an insurance loss to the insured, in order to recover the amount of the claim paid to the insured.

Creditor

An entity or person to whom money is owed by another entity or person.

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