COGNITIVE ASSESSMENT What System Is Used to Provide Centralized, Integrated

question 150

Multiple Choice

COGNITIVE ASSESSMENT What system is used to provide centralized, integrated software to help manage and coordinate activities such as manufacturing and distribution?

• A) CRM
• B) CMS
• C) ERP
• D) KMS

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Definitions:

Corporation

A legal entity recognized under law as separate from its owners, providing limited liability and allowing ownership through shareholding.

Circular Flow Diagram

A visual model that shows how money moves through an economy between households and firms.

Businesses

Organizations engaged in commercial, industrial, or professional activities, aiming to generate profits through the provision of goods or services.

Households

Economic units consisting of individuals or groups living together and making joint decisions about consumption and resource allocation.