ERP Systems Are Expensive to Buy and Costly to Customize

question 39

True/False

ERP systems are expensive to buy and costly to customize.

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Definitions:

Average Price

The sum of the prices of all units sold of a product or service divided by the number of units.

Interest Rate

The percentage of a sum of money charged for its use, which can vary depending on the type of loan, the duration, and the risk involved.

Credit Availability

Credit availability denotes the ease with which individuals or businesses can obtain loans or credit from financial institutions.

FDIC

Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at commercial banks and savings institutions, providing depositor protection against bank failures.