Which of the Following Statements Is True About ERP

question 69

Multiple Choice

Which of the following statements is true about ERP?

• A) ERP is a suite of software applications that integrates existing systems by providing layers of software that connect applications together.
• B) The two major components of ERP systems are manufacturing applications and inventory applications.
• C) Enterprise resource planning (ERP) is also referred to as enterprise application integration (EAI) due to its highly efficient integration properties.
• D) ERP systems are used to forecast sales and to create manufacturing plans and schedules to meet those forecasts.

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Definitions:

FOB Destination

A shipping term indicating the seller bears freight charges and retains ownership until goods are delivered to the buyer.

Freight Costs

Expenses associated with transporting goods from one place to another.

September

Refers to the ninth month of the year in the Gregorian calendar.

Inventory Cost

The total cost associated with buying or producing goods, including purchase price, materials, labor, and overhead, until they are sold.