Elaborate Enterprise Resource Planning (ERP) Software Systems Improve Firm Efficiency

question 89

Multiple Choice

Elaborate enterprise resource planning (ERP) software systems improve firm efficiency by:

• A) allowing workforce reductions without corresponding losses in productivity.
• B) making it possible to share information quickly with everyone in the industry.
• C) reducing the time required to design and test new products.
• D) identifying the resources required across the firm to receive,record,procure and ship customer orders.

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Definitions:

Participant Observation

A method used in social sciences where researchers immerse themselves in a community or situation to observe and participate in its activities, gaining an insider's perspective.

Random Assignment

A technique used in experiments to ensure that each participant has an equal chance of being placed in any group.

Descriptive Statistics

Statistics that summarize, organize, and simplify data to describe its main features without drawing conclusions beyond the data itself.

Sampling

The process of selecting a subset of individuals, objects, or observations from a larger population to make inferences about the whole.