The Major Difference Between an ERP and ERP II System

question 43

Multiple Choice

The major difference between an ERP and ERP II system is this feature.

• A) Advances in software usability and flexibility
• B) Information is made immediately available to external stakeholders using social and collaborative tools
• C) Information is made available to all departments in the company
• D) Advanced quering and reporting capabilities
• E) Close integration with e-business technologies

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Definitions:

Cost Object

An item for which costs are separately measured and assigned, such as a product, service, project, or customer.

Product Costs

All costs incurred to acquire or manufacture a product, including direct materials, direct labor, and manufacturing overhead.

Financial Statements

Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Balance Sheet

An account showing the assets, liabilities, and equity of shareholders of a firm on a specific date.