If One Module in the ERP System Fails

question 17

Multiple Choice

If one module in the ERP system fails,

• A)The rest of the system will operate correctly.
• B)It has the potential to stop or disrupt all processes across the entire enterprise.
• C)That one module will automatically revert to the legacy system.
• D)Will result in the entire system reverting to the legacy system.

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Definitions:

Material Omissions

Failures to include important information in a document or communication, which can significantly alter the understanding of the situation.

Due Diligence

The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or transaction with another party.

Willful Violations

Deliberate or intentional breaches of the law or regulations, often implying awareness of the illegal nature of the act.

Securities Act of 1933

United States federal law enacted to regulate the sale of securities, requiring disclosure and registration of significant information.