Which of the Following Should Be Considered While Implementing an ERP

question 39

Multiple Choice

Which of the following should be considered while implementing an ERP application?

• A) compare as-is model to blueprint processes and note differences
• B) plunge the organization into the new system
• C) model all current practices "as-is" and implement them on ERP application
• D) modify every existing practice to match blueprint models

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Definitions:

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, measuring the excess over the opportunity cost of capital.

Free Entry

A market condition where firms can freely enter or exit the market without facing significant barriers to entry or exit.

Rent-a-Wreck Industry

The business sector that specializes in renting out older, often pre-owned vehicles at reduced rates compared to standard rental services.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs.