All of the Following Are Characteristics of an ERP System

question 35

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 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 purchased from a provider/vendor

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Definitions:

GDP Price Index

A measure that reflects the prices of all goods and services included in the Gross Domestic Product, indicating the overall level of inflation or deflation in the economy.

Price Level

An indicator of the typical cost of products and services within an economy at a specific time.

Price Level

An indicator that measures the average of current prices across the entire spectrum of goods and services produced in the economy.

Unit Prices

The cost per unit of a product, which allows consumers to compare costs of products irrespective of their package quantities.