Which of the Following Advantages Is Least Likely to Be

question 6

Multiple Choice

Which of the following advantages is least likely to be experienced by a company implementing an enterprise resource planning (ERP) system?

• A)Reduced cost
• B)Improved efficiency
• C)Broader access to information
• D)Reduced errors

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Definitions:

M2

A classification of money supply that includes cash, checking deposits, and easily convertible near money like savings deposits, money market securities, and mutual funds.

Money Supply

The total financial assets existing in an economy at a specific period, incorporating cash, coins, and the balances maintained in checking and savings accounts.

Banking System

The structure of banks and financial institutions within an economy, which provides financial services including deposits, loans, and currency exchange.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money.