What Is NOT an Advantage of ERP

question 76

Multiple Choice

What is NOT an advantage of ERP?

• A) complete integration of information systems across departments
• B) better project management
• C) improved customer service
• D) supports access control, security, version tracking of documents

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Definitions:

FIFO

FIFO, or First-In, First-Out, is an inventory valuation method where goods first bought are the first to be sold.

Replacement Cost

The current cost of replacing an asset with a new one of the same kind and quality.

Inventory Turnover

A metric that measures the number of times a company sells and replaces its stock of goods during a certain period.

Lower of Cost

This accounting principle requires that the inventory or stock should be reported at the lower of its cost or the market value.