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 how technological advances are represented through shifts and movements in the production possibilities curve.

Grasp the concept of diffusion and its significance in spreading innovations.

Distinguish between product and process innovation and their impacts on firms and industries.

Understand the role of entrepreneurs in innovation and the risks they bear.

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Definitions:

Integration

The process of combining elements from different systems, organizations, or cultures into a coherent whole.

Task Forces

Temporary groups formed to address a specific problem, task, or project within an organization.

Integrators

Individuals or tools that combine or coordinate separate elements or resources into a cohesive and functional whole.

Vertically

In a direction or alignment that goes straight up or down, often used to describe hierarchical structures or arrangements.