What Are Enterprise Systems

question 156

Multiple Choice

What are enterprise systems?

• A) The integration of a company's existing management information systems.
• B) The integration of data from multiple sources, which provides a unified view of all data.
• C) Sends information entered into a given system automatically to all downstream systems and processes.
• D) Enterprisewide support and data access for a firm's operations and business processes.

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Definitions:

Value-based Management

A management philosophy that focuses on creating value for shareholders and stakeholders through effective decision-making and strategic focus.

Economic Value

The measurement of the benefit provided by a good or service to an economic agent. It is typically assessed based on willingness to pay or market price.

Business Decisions

Choices or determinations made by businesses in the course of their operations to achieve objectives, solving problems or making strategic plans.

Group-based Reward System

A compensation strategy where rewards are based on the performance of a group rather than individual achievements.