​A Process in Which an Organization Commits to Using an Integrated

question 49

Multiple Choice

​A process in which an organization commits to using an integrated set of software packages for key information systems is called ____.

• A)business process re-engineering
• B)​applications architecture planning
• C)strategic planning
• D)​enterprise resource planning (ERP)

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Definitions:

Asset

Resources owned by a company or individual that have economic value and can be converted into cash.

Parent-subsidiary Relationship

A corporate structure where one company (the parent) controls another company (the subsidiary) typically through ownership of a majority of its shares.

Partnership

A formal business enterprise where multiple individuals collaborate in management and profit distribution.

Cost Method

An accounting method where investments are recorded at their original purchase cost, without adjustment for increases or decreases in market value.