Which of the Following Statements Is True of ERP Software

question 9

Multiple Choice

Which of the following statements is true of ERP software in the cloud?

• A) Customers of thick-client, client-server ERP software can move to the cloud at low costs.
• B) Cloud-based ERP software is more expensive for customers.
• C) Mobile systems using cloud-based ERP require thin-client applications.
• D) It is safe to provide mobile systems access to ERP systems.

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Definitions:

Annual Net Income

The total profit of a company after subtracting all expenses from revenue for one year.

Net Present Value Method

A financial analysis technique that discounts future cash flows to present value to assess the profitability of an investment or project.

Economic Life

This term refers to the expected period during which an asset remains useful to the owner or is expected to generate economic benefits.

Initial Investment

Initial investment refers to the initial amount of money spent or committed to start a business venture, purchase capital assets, or invest in a project.