ERP Systems Have All of the Following Characteristics EXCEPT

question 1

Multiple Choice

ERP systems have all of the following characteristics EXCEPT:

• A) They are expensive
• B) They are implemented in all, or nearly all, large organizations
• C) They are difficult to implement
• D) Organizations use them to reduce redundancy and make better decisions
• E) They are expensive but are easy to use.

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Definitions:

Note Payable

A written promise to pay a specific sum of money to a creditor at a future date, often including interest payments.

Discount

A reduction in the price of goods or services, typically offered to stimulate sales or to reward customer loyalty.

Normal Credit Balance

Refers to the expected positive balance in accounts that primarily capture credits, such as liabilities, revenues, and equity accounts.

Long-Term Liabilities

Obligations of a company that are due more than one year in the future, including bonds payable, long-term leases, and pension obligations.