Which of the Following Is an Example of a Functional

question 25

Multiple Choice

Which of the following is an example of a functional process?

• A) enterprise resource planning
• B) enterprise feedback management
• C) sales process management
• D) product life cycle management

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Definitions:

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are worth more than their cost to achieve specific financial goals.

Straight-Line Depreciation

A method of calculating the depreciation of an asset, where the asset's cost is evenly spread over its useful life.

Yearly Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear, and tear over time.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument back to their present value, thus helping to determine the potential value of an investment.