The Major Difference Between an ERPII and ERP III System

question 53

Multiple Choice

The major difference between an ERPII and ERP III system is which of the following features?

• A) Advances in software usability and flexibility
• B) Information is made immediately available to external stakeholders using social and collaborative tools
• C) Information is made available to all departments in the company
• D) Advanced quering and reporting capabilities
• E) Close integration with e-business technologies

Understand how to calculate the expenses associated with the production of goods.

Apply combinatorial methods and probability in practical scenarios.

Analyze profit maximization strategies through various pricing models.

Understand the process of finding zeros of polynomial functions and their application in economics.

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Definitions:

Productivity Increases

Refers to the significant improvement in the output of goods or services per unit of input, often achieved through optimizations, technological advancements, or process improvements.

Management

The process of planning, organizing, leading, and controlling resources to achieve organizational goals.

Mr. Deming

Refers to W. Edwards Deming, an American engineer, statistician, professor, author, lecturer, and management consultant known for his work in the field of quality management and process improvement.

Technology

The application of scientific knowledge for practical purposes, especially in industry and everyday life, including digital, mechanical, and medical advancements.