All of the Following Are Characteristics of an ERP System

question 52

Multiple Choice

All of the following are characteristics of an ERP system EXCEPT:

• A) ERP systems provide seamless integration of information flow across the organization.
• B) ERP systems provide best (or at least "very good") practices for generic business processes.
• C) ERP systems have evolved to support newer IT architectures.
• D) ERP systems work "out of the box" with little configuration requirements.
• E) ERP systems are usually software packages obtained from a provider/vendor

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Definitions:

Functional Discount

A price reduction offered to channel members who perform certain functions such as selling, storing, and record-keeping.

Wholesaler

A business or person that buys goods in large quantities from manufacturers and sells them in smaller amounts to retailers, typically at lower prices.

Clayton Act

A United States antitrust law, passed in 1914, aimed at promoting competition and preventing monopolies by prohibiting certain types of anti-competitive practices.

Capital

Financial assets or the financial value of assets, such as cash and goods, used by an individual or company to fund its operations and facilitate growth.