ERP Systems Have All of the Following Characteristics Except

question 18

Multiple Choice

ERP systems have all of the following characteristics except:

• A) They are expensive
• B) They are implemented in all, or nearly all, large organizations
• C) They are difficult to implement
• D) Organizations use them to reduce redundancy and make better decisions
• E) They are expensive but are easy to use.

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Definitions:

Reduction in Costs

Efforts or strategies implemented to decrease expenses and improve efficiency in a business operation.

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.

Stand-Alone Principle

An evaluation method in project management and capital budgeting where a project is assessed on its own merits without considering the company's overall financial position.

Capital Projects

Large, expensive, long-term projects intended to build upon, add to, or improve a property or system.