An ERP System Uses

question 32

Multiple Choice

An ERP system uses:

• A)One database for each module associated with the organization's sales, inventory, human resources, etc.
• B)One database for manufacturing, one database for sales, one database for administrative, and one database for design and research
• C)One database which contains all data items associated with the organization
• D)Relational databases for interactive queries between modules and departments

---

Definitions:

Accounting Equation

A fundamental principle of accounting that maintains that assets are always equal to the sum of liabilities plus equity (Assets = Liabilities + Equity).

Accounting Equation

The accounting equation represents the relationship between a company's assets, liabilities, and equity, illustrating that assets are funded by borrowing (liabilities) or investing (equity).

Stock Issuances

The process of making new shares available for sale to investors, often used by companies to raise capital.

Accounting Equation

The foundational equation of double-entry bookkeeping, stating that Assets = Liabilities + Equity, ensuring the balance sheet remains balanced.