Umble and Umble Suggested Six Necessary Conditions for a Successful

question 19

Multiple Choice

Umble and Umble suggested six necessary conditions for a successful ERP implementation. Which of the conditions is most clearly related to the "internal environment" component of the COSO frameworks on internal control and enterprise risk management?

• A)Obtain organizational commitment.
• B)Ensure data accuracy.
• C)Select a compatible ERP system.
• D)All of the above.

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Definitions:

Federal Reserve Note

The official paper currency issued by the Federal Reserve in the United States, commonly known as the dollar.

Monetary System

The set of institutions and mechanisms by which a country manages its currency and money supply, often involving a central bank and various types of money.

Efficient Economy

An economic system in which resources are allocated in the most productive way, maximizing the output of goods and services.

Federal Reserve Notes

The official currency issued by the Federal Reserve System in the United States, commonly known as dollars.