Which of the Following Statements Is True of Enterprise Resource

question 50

Multiple Choice

Which of the following statements is true of enterprise resource planning (ERP) ?

• A)ERP makes it easier for organizations throughout a supply chain to coordinate their activities.
• B)ERP systems have a simple structure that is inexpensive and easy to implement.
• C)ERP software requires users to enter and access data in traditional ways.
• D)ERP is the software version of the critical path method that is used for project management.

Comprehend the principles of patient privacy and information security, including password management and patient confidentiality on computers.

Identify the various components involved in the pricing and payment of health care services, including fee schedules, cost-sharing, and capitation.

Understand the specifics of workers' compensation, including coverage verification and claim filing.

Comprehend the structure and function of TRICARE and CHAMPVA for military personnel and their families.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the books for the next period.

Total Revenues

The total amount of income generated by a business from its normal business operations, including sales of goods or services, before any expenses are deducted.

Income Summary

An account used in the closing process during the accounting cycle that summarizes the results of operations—revenues and expenses—before transferring the net income or loss to the owner's equity.

Revenue

The total amount of money generated by the sale of goods or services related to a company's primary operations before any expenses are deducted.