The Inherent Processes Defined in an Enterprise Resource Planning System

question 59

Multiple Choice

The inherent processes defined in an enterprise resource planning system are also known as ________.

• A) inbound processes
• B) stored procedures
• C) transaction logs
• D) process blueprints

---

Definitions:

Sales Discounts

Reductions in the amount due from a customer, offered as an incentive for early payment according to the sales terms.

Sales Returns

Transactions where customers return previously purchased merchandise, leading to a reversal of revenue.

Cost of Goods Sold

The specific costs incurred in the production of a company's sold merchandise.

Gross Margin Ratio

A measure of a company's financial health, calculated as gross profit divided by net sales, showing the percentage of sales revenue that exceeds the cost of goods sold.