Which Statement About ERP Installation Is Least Accurate

question 86

Multiple Choice

Which statement about ERP installation is least accurate?

• A)For the ERP to be successful, process reengineering must occur.
• B)ERP fails because some important business process is not supported.
• C)When a business is diversified, little is gained from ERP installation.
• D)The phased-in approach is more suited to diversified businesses.

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Definitions:

Winner's Curse

A phenomenon in auctions where the winning bidder overpays due to overestimation of the item's value.

Optimistic Estimate

An estimate that assumes the most favorable conditions and outcomes for a project or investment.

Bid Shading

A strategy in which buyers deliberately bid lower than their actual valuation of the item to save costs, common in auction contexts.

Common Value Auctions

Auctions in which the item for sale has a value that is the same for all bidders, but the bidders have different information about that value.