The Attractiveness of ERP Systems Comes from Their Potential for Lower

question 25

True/False

The attractiveness of ERP systems comes from their potential for lower costs as well as increased productivity and customer satisfaction.

---

Definitions:

Interest Rates

The cost of borrowing money or the return for lending money, typically expressed as a percentage of the principal amount per annum.

Loanable Funds

The sum of money available for borrowing in the financial markets, where interest rates adjust to match supply and demand.

Interest Rate

The proportion of a total amount of money levied for borrowing it, usually shown as an annual rate percentage.

Loanable Funds Curve

A graphical representation that shows the relationship between the interest rate and the quantity of loanable funds supplied and demanded.