Which of the Following Is NOT One of the Reasons

question 105

Multiple Choice

Which of the following is NOT one of the reasons for the increased spending on ERP systems since 2004?

• A)Bigger IT budgets replaced leaner budgets as economic conditions improved.
• B)Many companies needed upgraded systems to enhance compliance with the Sarbanes-Oxley Act.
• C)Business processes were separated and standardized.
• D)ERP has become so important to daily operations that many companies cannot allow their ERP system to become outdated.

Recognize the role and effects of government policies on economic activities (fiscal policies, monetary policies, unemployment, and inflation).

Identify the causes and types of unemployment and their impacts on the economy.

Understand the causes, types, and effects of inflation.

Recognize the functions and impact of the Federal Reserve System on the U.S. economy.

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Definitions:

Invisible Hand

A metaphor used by Adam Smith to describe the self-regulating nature of the market, where individual self-interest promotes societal benefit.

Economic Policy

Strategies and actions taken by the government to influence its economy, affecting issues like unemployment, inflation, and economic growth.

Monetary Stability

The condition of having stable prices and low inflation in an economy, maintaining the purchasing power of the currency.

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.