________ Is a Computer Application That Enables a Firm to Combine

question 21

Multiple Choice

________ is a computer application that enables a firm to combine computerized functions of all divisions and subsidiaries of the firm into a single, integrated software program that uses a single database.

• A) Materials requirement planning (MRP)
• B) PERT analysis
• C) Manufacturing resource planning (MRP II)
• D) Enterprise resource planning (ERP)

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Definitions:

Postretirement Healthcare Benefits

Benefits that an employer provides to retirees for healthcare, excluding pension benefits.

Pensions

Retirement plans funded either by employers or governments, providing income to individuals upon retirement.

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, particularly in the United States.

Projected Benefit Obligation

The present value of estimated future payments required to settle the obligations of a pension plan over its employees' expected future service.