Enterprise Resource Planning (ERP)is Considered More Sophisticated Than MRP Primarily

question 99

Multiple Choice

Enterprise resource planning (ERP) is considered more sophisticated than MRP primarily because it can:

• A)find the critical path and compute its length.
• B)monitor processes in multiple firms at the same time.
• C)handle data about more than one product at the same time.
• D)give much more precise cost estimates.

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Definitions:

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit. This margin helps determine how each unit sold contributes to fixed costs and profits.

Per Unit

Denotes the cost or value associated with each individual unit of a product or service.

Break-even Point

The point where total sales revenue is equal to total expenses, yielding neither profit nor loss.

Sales Mix

Sales mix is the proportion of different products or services that a business sells, impacting the overall profitability based on the differing margins of each item.