Which of the Following Statement About ERP Is False

question 49

Multiple Choice

Which of the following statement about ERP is false?

• A) In recent years, ERP vendors have begun to provide high-quality application-specific logistic capabilities
• B) ERP implementation costs can easily reach tens of millions of dollars
• C) ERP's origins can be traced back to finance and manufacturing
• D) ERP glitches often have a logistical component to them
• E) all of the above are true

---

Definitions:

Periodic System

An accounting system where inventory is updated at specific periods rather than continuously, typically used for calculating cost of goods sold at the end of an accounting period.

Ending Inventory

The aggregate value of products available for purchase at the conclusion of a financial period.

LIFO Method

Last In, First Out method; an inventory valuation technique where the latest items added to inventory are the first ones removed during sales.

FIFO

"First In, First Out," an inventory valuation method where the earliest items purchased are the first to be sold.