Which of the Following Is Not True Regarding the Characteristics

question 25

Multiple Choice

Which of the following is not true regarding the characteristics of an ERP application?

• A)provides cross-functional,process view of organization
• B)includes a formal approach based on formal business models
• C)maintains data in separate functional databases
• D)offers large benefits but is difficult and can be slow to implement

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Definitions:

Excise Tax

A tax levied on the sale or consumption of specific goods or services, such as alcohol, tobacco, and gasoline.

Taxable Income

The amount of an individual's or corporation's income used to determine how much tax is owed to the government.

Progressive Income-tax

A tax system where the tax rate increases as the taxable amount increases, typically imposing higher taxes on higher income earners.

Price Elasticity

A measure of how sensitive the demand or supply of a product is to changes in price, indicating how quantities demanded or supplied respond to price changes.