What Are the Primary Business Benefits of an ERP System

question 29

Multiple Choice

What are the primary business benefits of an ERP system?

• A) Sales forecasts, sales strategies, and marketing campaigns
• B) Market demand, resource and capacity constraints, and real-time scheduling
• C) Forecasting, planning, purchasing, material management, warehousing, inventory, and distribution
• D) All of these

---

Definitions:

Vickery Auctions

An auction format where the highest bidder wins but pays the second-highest bid, encouraging true value bidding.

Sealed-bid Auctions

A bidding process where all bidders submit their bids confidentially, with the highest bid usually winning the item or contract.

Bid-rigging

A form of fraud in which competitors agree in advance who will win a bidding process, undermining fair competition.

Sealed-bid Auctions

Auctions in which all bidders simultaneously submit sealed bids to the auctioneer, with no bidder knowing the bid of any other participant.