Business Process Reengineering Means

question 55

Multiple Choice

Business process reengineering means:

• A)Reconfiguring the ERP system to fit the current methods of the organization
• B)Retaining general software applications as legacy systems to reduce training and implementation costs
• C)Modifying business processes to take advantage of the capabilities of the ERP system
• D)Acquiring additional computer networking resources to effectively handle current business processes

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Definitions:

State Sales Tax

A tax imposed by state governments on the sale of goods and services, which varies by state and is collected by businesses at the point of sale.

Sales Tax Payable

A liability account in the general ledger that stores the amount of sales tax collected from customers, which is owed to the government.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer takes ownership and responsibility for goods once they are shipped, and is responsible for freight costs and risks.

Accounts Receivable

Outstanding balances due to a company from its clients for products or services rendered but still unpaid.