What Is the Primary Goal of an ERP System

question 25

Multiple Choice

What is the primary goal of an ERP system?

• A) The integration of data processes and data storage
• B) Creating consistent definitions across all functional areas
• C) The efficient handling of the transactions as goods move through each step of the process
• D) The scheduling of machinery to minimize downtime and reduce scrap

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Definitions:

Tenancy By The Entirety

A form of joint property ownership that is available only to married couples, where each owns an undivided interest in the property, and upon death, the surviving spouse gains full ownership.

Community Property

A legal system of property ownership typically in effect between spouses, where assets acquired during the marriage are owned jointly.

Joint Tenancy

A form of legal co-ownership of property where co-owners have an equal share and the right of survivorship, meaning that upon the death of one owner, their share automatically passes to the remaining co-owners.

Right-Of-Way Easement

A legal right granted to a person or entity to pass through another's land for a specified purpose.