Enterprise Systems Are Strictly Internally Oriented; Other Types of Enterprise

question 56

True/False

Enterprise systems are strictly internally oriented; other types of enterprise applications must be used for communicating with customers and suppliers.

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Definitions:

Indirect Method

A way of reporting cash flows from operating activities on the statement of cash flows, adjusting net income for changes in non-cash accounts.

Net Decrease

This represents the overall reduction in a specific financial position or quantity over a period, after accounting for all increases and decreases.

Cash Flow Per Share

The cash flow from operations divided by the number of common shares outstanding.

Statement Of Cash Flows

A summary of the cash receipts and cash payments for a specific period of time, such as a month or a year.