All of the Following Are Potential Costs Associated with ERP

question 64

Multiple Choice

All of the following are potential costs associated with ERP implementation, except:

• A) employee training
• B) system testing
• C) data conversion
• D) upgraded computer hardware
• E) all of the above are costs

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Definitions:

Price Floor

A government-imposed minimum price below which a certain good cannot be sold.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity, often aimed at protecting consumers.

Shortage

A situation where the demand for a product or service exceeds the supply available at a given price.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product in demand.