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When a Company Has an ERP System,it No Longer Needs

question 47

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When a company has an ERP system,it no longer needs a general ledger.


Definitions:

Capital Goods

Long-lasting goods that are used in the production of other goods or services and are not consumed in the process.

Economic Growth

A growth in the economy's output of goods and services over time, typically evaluated through the Gross Domestic Product (GDP).

Underemployment

Refers to the employment of workers in jobs that are below their skills level or part-time workers who would prefer to be full-time.

Unemployment

The situation when individuals who are capable of working and are seeking work are unable to find employment.

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