An ERP System Works on A(n) ________ Database That Allows

question 56

Multiple Choice

An ERP system works on a(n) ________ database that allows various departments to share information and communicate with each other.

• A) silo
• B) ERP
• C) single
• D) archive
• E) none of the above

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Definitions:

Consumer Surplus

The difference in planned versus actual spending by consumers on a good or service.

Price Discrimination

A pricing strategy where a firm charges different prices for the same product or service to different consumers, based on their ability to pay, in order to maximize profits.

Privatizing

The act of moving control and ownership from the government to private entities, including businesses, enterprises, agencies, or public services.

Monopolizing

The act or process by which a single seller gains exclusive control over a market, limiting competition and often leading to higher prices for consumers.