Organizations Use the Enterprise System to Drive the Redesign of a Business

question 27

Multiple Choice

Organizations use the enterprise system to drive the redesign of a business process (rather than the process driving the system implementation) for all of the following reasons EXCEPT:

• A) The organization is just starting out and has no defined processes.
• B) The business process itself is not seen as a competitive strategic advantage.
• C) There is little time or resources to deviate from best practices.
• D) The organization has highly specialized processes that are not seen as best practices.
• E) The needs of the business are met by the enterprise system.

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Definitions:

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period for a more accurate financial statement.

Face Value

The nominal value stated on a financial instrument, such as a bond or stock, representing its official worth.

Accrued Interest

Interest that has been incurred but not yet paid or received, often related to bonds or loans.

Bond Interest Expense

The cost incurred by an entity for borrowing funds through the issuance of bonds, represented as interest payments to bondholders.