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Having Modular Components Is a Major Factor in the Success

question 68

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Having modular components is a major factor in the success of ERP systems because it keeps costs down.

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Definitions:

Lease Term

The duration for which a lease agreement is effective, typically specified in months or years.

Fee Simple Absolute

The most complete ownership of property recognized by law, where the owner has unlimited control over the property and can dispose of it at will.

Parcel

A package or bundle of goods wrapped or packed up; also can refer to an individual plot of land.

Personal Property

Movable items owned by an individual or corporation, as opposed to real property like land or buildings.

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