In Order to Achieve Maximum Benefit from an Enterprise Software

question 88

Multiple Choice

In order to achieve maximum benefit from an enterprise software package, a business

• A) customizes the software to match all of its business processes.
• B) uses only the processes in the software that match its own processes.
• C) changes the way it works to match the software's business processes.
• D) selects only the software that best matches its existing business processes.

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Definitions:

Compounded Annually

Interest on an investment that is calculated once per year, taking into account the interest that has accumulated up to that point.

Compounded Daily

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, with the compound frequency being every day.

Federal Deposit Insurance Corporation

A U.S. government agency that insures deposits in banks and thrift institutions for at least $250,000 per depositor, per bank.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied on a monthly basis.