Which of the Following Is True of an ERM System

question 148

Multiple Choice

Which of the following is true of an ERM system?

• A) It facilitates communication between employees and the business.
• B) It includes information about the files and data, called metadata.
• C) It focuses on issues related to inventory of parts and forecasting future demand.
• D) It assists support personnel in providing the best solutions for customers.

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Definitions:

Clear Preferences

The state of having distinct and definite likes or choices, which can be consistently ranked or ordered by an individual or a group.

Basic Economic Theory

Fundamental principles of economics that explore how resources are allocated, goods and services are distributed, and wealth is created and transferred.

Reference Point

The point from which an individual makes a consumption decision.

Past Consumption

refers to the total amount of goods and services consumed in previous time periods, influencing current and future economic decisions.