Which of the Following Is Not True About Enterprise Resource

question 65

Multiple Choice

Which of the following is not true about enterprise resource planning (ERP) software:

• A)ERP refers to programs that help manage a company's vital operations.
• B)ERP can include programs that extend from order taking to manufacturing to accounting.
• C)ERP can speed up business decision making and help reduce costs.
• D)ERP cannot be used to share data with customers and suppliers.
• E)ERP can be designed to link every part of a company's operations.

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Definitions:

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim against the company’s assets.

Revenues

The total income generated from normal business operations, often from the sale of goods and services before expenses are deducted.

Expenses

Monetary outflows or costs incurred in an entity's operations.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the owner's claim on the business assets.