All of the Following Are Characteristics of an ERP System

question 52

Multiple Choice

All of the following are characteristics of an ERP system EXCEPT:

• A) ERP systems provide seamless integration of information flow across the organization.
• B) ERP systems provide best (or at least "very good") practices for generic business processes.
• C) ERP systems have evolved to support newer IT architectures.
• D) ERP systems work "out of the box" with little configuration requirements.
• E) ERP systems are usually software packages obtained from a provider/vendor

Recognize the impact and strategies of Porter’s generic competitive strategies model.

Understand the significance of competitive advantage in business strategy.

Comprehend the concept and strategic importance of business ecosystems.

Describe the various Internet business models and their strategic implications.

---

Definitions:

Face To Face

Face to face describes direct interaction or conversation between people, physically present in the same location.

Equity Theory

Proposes that an intimate relationship is satisfying and stable if both partners see it as equitable and mutually beneficial.

Intimate Relationship

A close and personal relationship characterized by emotional, physical, and/or sexual intimacy between individuals.

Mutually Beneficial

A situation or relationship in which all parties involved gain benefits.