What Is Enterprise Resource Planning (ERP)

question 23

Multiple Choice

What is enterprise resource planning (ERP) ?

• A) The management of information flows between and among activities in a supply chain to maximize total supply chain effectiveness and corporate profitability
• B) Integration of all departments and functions throughout an organization into a single IT system (or integrated set of IT systems) so employees can make decisions by viewing enterprise-wide information about all business operations
• C) A means of managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization's profitability
• D) Connection of the plans, methods, and tools aimed at integrating separate enterprise system

Correctly apply principles of subject-verb agreement.

Correctly apply principles of pronoun-antecedent agreement.

Understand the use of coherent sentence structure for clarity in writing.

Distinguish between possessive pronouns and other pronoun forms for clarity and correctness.

---

Definitions:

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting its loss of value over time.

Withdrawals Account

An account used to record the amounts taken out of a business by its owner(s) for personal use.

Capital Balance

The amount of money invested in a company by its owners or shareholders, represented in the equity section of the balance sheet.

Accounting Period

The span of time at the end of which a company's financial performance is measured and reported.