When an Organization Adopts an ERP They Gain Benefits from It

question 83

Multiple Choice

When an organization adopts an ERP they gain benefits from it because it

• A)standardizes all of the corporate data.
• B)has process blueprints.
• C)integrates all the activities in the organization.
• D)places all the corporate data into a single database.
• E)allows the organization to gain the benefit of processes that have already been proven successful.

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Definitions:

Common Resources

Refers to goods that are non-excludable and rival in consumption, such as fish stocks in the ocean or public parks, where usage by one person reduces availability for others.

Marginal Social Cost

The cost to society of producing one additional unit of a good or service.

Private Supply

The provision of goods or services by businesses or individuals rather than by the government.

Marginal Social Cost

The total cost society pays for the production of an additional unit of a good or service, including both private costs and any external costs.