When Adopting an ERO,the Organization Gains Benefits Because

question 36

Multiple Choice

When adopting an ERO,the organization gains benefits because

• A) ERP has process blueprints.
• B) ERP allows the organization to gain the benefit of processes that have already been proven successful.
• C) ERP integrates all the activities in the organization and makes the organization successful.
• D) ERP allows the organizatin to standardize all of the corporate data.
• E) ERP places all the corporate data into a single database and makes business process more successful.

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Definitions:

Short Run

A time period in economics where at least one factor of production is fixed, limiting the immediate response of a firm to changes in market conditions.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales.

Average Variable Cost

The total variable cost divided by the quantity of output produced.

Output

The amount of goods or services produced by a company, sector, or economy.