With the Proper Implementation of an ERP System

question 83

Multiple Choice

With the proper implementation of an ERP system:

• A)Fraud due to inappropriate transaction recording is eliminated.
• B)Employee IDs, passwords, and segregated duties aid in internal control measures.
• C)Audit trails are not necessary due to ID and password security concepts.
• D)All of the above, A, B, and C, are correct answers.

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Definitions:

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Autonomy

The right or condition of self-governance, or the ability of an individual or organization to make their own decisions independently.

Cost Center

A division whose parent company rewards it for reducing the cost of producing a specified output.

Minimizing Costs

The process of reducing expenses to the lowest possible level while maintaining the desired level of quality or output.