An ERP System Is Generally a Multi-Module Application Software for Managing

question 45

True/False

An ERP system is generally a multi-module application software for managing an enterprise's internal functional activities,as well as its suppliers and customers.

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Definitions:

Express Warranties

Are explicit, confirmed promises made by a seller to a buyer about the condition or quality of a product or service.

Implied Warranty

a legal assumption that a product or service sold will meet certain quality and functionality standards even if not explicitly stated.

Merchantability

A guarantee that a product sold meets certain quality standards and is fit for the ordinary purposes for which such goods are used.

UCC

The Uniform Commercial Code represents a collection of statutes offering legal guidelines and regulations for commercial or business activities and transactions within the United States.