ERP Systems Are Credited with Establishing New Business Models,especially Between

question 27

True/False

ERP systems are credited with establishing new business models,especially between a business and suppliers.

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Definitions:

Time Draft

A written order to pay a specified amount of money at a future date.

Debtor-Creditor Relationship

A financial relationship where one party (the debtor) owes a debt to another party (the creditor).

Drawee

The drawee is the party, usually a bank, required to pay the monetary amount stated on a draft or check upon its presentation.

Nonnegotiable

Unable to be bought, sold, exchanged, or transferred to another party.