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How did ERP systems evolve from early systems to the modern systems of today?
Capital Budget Expenditures
Outlays of funds by a company for major investments or acquisitions intended to drive future growth.
Compliance
Adherence to laws, regulations, guidelines, and specifications relevant to its business processes.
Environmental Issues
Concerns related to the preservation of natural resources and the minimization of pollution and waste.
Opportunity Cost of Capital
The return forgone by investing in a project rather than in the financial market or alternate investments.
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