Enterprise Resources Planning (ERP) Is Defined as A

question 234

Multiple Choice

Enterprise resources planning (ERP) is defined as a:

• A) framework for organizing, defining, and standardizing business processes to use its internal knowledge to seek external advantage.
• B) production control system that determines priorities of in-process work.
• C) software module used to determine whether sufficient capacity is available to ship customer orders on time.
• D) process whereby sales, marketing, and operations determine what products will be sold and what resources will be required for production.

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Definitions:

Liability

The state of being responsible or legally obligated to settle a debt or fulfill a contractual agreement; also refers to any form of legal obligation.