Enterprise Systems, Such as ERP, Solve the Problems of Data

question 9

Multiple Choice

Enterprise systems, such as ERP, solve the problems of data isolation by integrating data into a database that provides a comprehensive and organization-wide view. This would require ________.

• A) all processes to be located in the same geographical place
• B) the company to standardize on a single language
• C) backshoring processes to the home country
• D) the company to customize its product offerings

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Definitions:

Money Supply

The sum of all financial resources in the form of cash, coins, and bank account balances present in an economy at a certain time.

Tight Money Policy

A monetary policy strategy used by central banks to slow economic growth by increasing interest rates and reducing the supply of money.

Government Bonds

Fixed-income securities issued by a government to support government spending, typically offering a regular interest payment and repayment of the principal at maturity.

Easy Money

A monetary policy stance characterized by low interest rates and high availability of credit to encourage economic growth.