A Business Should Not Bother to Examine What ERP Packages

question 48

True/False

A business should not bother to examine what ERP packages their competition uses when selecting an ERP vendor.

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Definitions:

Sampling

A statistical method of selecting a subset of individuals or observations from a larger population to make inferences about the whole population.

Observation

The action or process of closely monitoring or watching something or someone carefully or in order to gain information.

Overgeneralization

The cognitive bias of applying a rule or conclusion too broadly across situations that don't necessarily fit.

Generalization

refers to the process of formulating broad statements or conclusions that apply to multiple instances from specific observations or limited examples.