Cloud-Based ERP Systems Account for Approximately What Percentage of the Modern

question 42

Multiple Choice

Cloud-based ERP systems account for approximately what percentage of the modern ERP systems global market?

• A) 10%
• B) 25%
• C) 70%
• D) 95%

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Definitions:

Invisible Hand

A concept introduced by Adam Smith to describe the self-regulating nature of the market economy.

Economist

A professional who studies the production, distribution, and consumption of goods and services.

Economic Activity

Activities related to the creation, distribution, and use of goods and services in an economic system.

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the interactions of citizens and businesses.