Because the Scope of ERP Packages Is Very Large, It

question 8

True/False

Because the scope of ERP packages is very large, it is rarely necessary to add additional software.

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Definitions:

Impact/Likelihood Matrix

A tool used in risk management to evaluate and prioritize risks based on their potential impact and the likelihood of occurrence.

Assess External

The process of evaluating factors outside of an organization that could impact its performance, including market trends, economic conditions, and competitive landscape.

Compile Budget

The process of creating a budget by aggregating financial estimates and planning expenditures.

Gather Opinion

Gathering opinion involves collecting views, preferences, and feedback from a group of people to inform decision-making or gauge public sentiment.