When a Transaction Between a Buyer and Seller Directly Affects

question 12

True/False

When a transaction between a buyer and seller directly affects a third party, the effect is called an externality.

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Definitions:

ERP Software Vendor

Companies specializing in the development and sale of Enterprise Resource Planning software, which helps organizations manage business processes.

Comparative Report

A document that evaluates and contrasts the differences and similarities between two or more items, entities, or conditions.

Vanilla Approach

The vanilla approach is a basic, straightforward strategy or method without any customization or modification, often used in software implementation.

On-Premise ERP

Enterprise Resource Planning systems that are installed and run on computers on the premises of the organization using the software, rather than at a remote facility.