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The Origin of ERP Systems Can Be Traced Back to Finance

question 62

True/False

The origin of ERP systems can be traced back to finance and manufacturing.

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Definitions:

Economic Profits

The margin by which a firm's total sales exceed its complete set of expenses, both overt and covert.

Labor

Human effort, either physical or mental, used in the production of goods and services.

Capital

Financial assets or the financial value of assets, such as cash and buildings, used by a business to produce goods or services.

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