Which of the Following Advantages Is Least Likely to Be

question 6

Multiple Choice

Which of the following advantages is least likely to be experienced by a company implementing an enterprise resource planning (ERP) system?

• A)Reduced cost
• B)Improved efficiency
• C)Broader access to information
• D)Reduced errors

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Definitions:

Decreases Asset

Transactions or events that result in a reduction of the value or quantity of the assets owned by a company.

Credit Memo

A credit memo is a document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the original sales contract, often issued for returned goods or for a pricing discrepancy.

Increases Asset

A phrase indicating transactions or events that result in the growth of the asset value in an entity's balance sheet.

Internal Control-Integrated Framework

A conceptual framework developed by the Committee of Sponsoring Organizations (COSO) to help businesses establish, assess, and enhance their internal control systems.