Which of the Following Is True Regarding ERP Costs

question 86

Multiple Choice

Which of the following is true regarding ERP costs?

• A)Enterprise systems tend to be less costly than integrated accounting software
• B)Enterprise systems are always less costly than best of breed software solutions
• C)Costs associated with reassigned employees have nothing to do with the true cost of an enterprise system
• D)There may be many costs that continue after systems implementation

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Definitions:

Inflation

The acceleration in the average cost of living, evidenced by goods and services prices rising, and thereby lessening buying power.

Quantity of Money

The total monetary resources sum available in an economy at a particular point in time.

Productivity

Measures the efficiency of production as output per unit of input, essential for economic growth and competitiveness.

Inflation

The magnitude of growth in general service and product prices, causing a decrease in the ability to buy.