Organizations That Choose to Discontinue Use of Old and Inefficient

question 7

True/False

Organizations that choose to discontinue use of old and inefficient computer and information systems in favor of adopting a modern ERP system are said to have implemented a decentralized database solution.

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Definitions:

Lower Of Cost

An accounting method that values inventory at the lower of its historical cost or market value to report losses in value.

Financial Flexibility

Financial flexibility denotes an organization's ability to react to unexpected expenses and investment opportunities without jeopardizing its financial stability.

Available-For-Sale

A classification of financial assets indicating that they are not actively traded but can be sold to meet liquidity needs.