All of the Following Are Advantages of Enterprise Resource Planning

question 4

Multiple Choice

All of the following are advantages of enterprise resource planning (ERP) except it

• A) creates commonality of databases
• B) increases communications and collaboration worldwide
• C) helps integrate multiple sites and business units
• D) requires major changes in the company and its processes to implement
• E) can provide a strategic advantage over competitors

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Definitions:

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used for hypothesis testing and constructing confidence intervals.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, commonly denoted as alpha.

Statistically Significant

An observation or effect sufficiently large or important to be unlikely to have occurred by chance, as per a predefined threshold in hypothesis testing.

Confidence Interval

An aggregation of values, hailing from sample statistics, anticipated to envelop the value of an unseen population parameter.