Enterprise Resource Planning (ERP) Goes Beyond the Capabilities of MRP

question 248

Multiple Choice

Enterprise resource planning (ERP) goes beyond the capabilities of MRP because it:

• A) gives much more precise cost estimates.
• B) finds the critical path and computes its length.
• C) monitors the computerized functions of all the divisions and subsidiaries of the firm in a single software program.
• D) handles research data about more than one product at the same time.

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Definitions:

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization to fund government spending and various public expenditures.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Exports

Products or services originating from one country and sold to buyers located in a different country.

Imports

Goods and services bought by a country from other countries. Imports can include a wide range of items, from raw materials to finished goods.