Which of the Following Statements Is True of Enterprise Resource

question 25

Multiple Choice

Which of the following statements is true of enterprise resource planning (ERP) ?

• A)ERP is a suite of software applications that integrates existing systems by providing layers of software that connect applications together.
• B)The two major components of ERP systems are manufacturing applications and inventory applications.
• C)ERP is also referred to as enterprise application integration (EAI)due to its highly efficient integration properties.
• D)ERP systems are used to forecast sales and to create manufacturing plans and schedules to meet those forecasts.

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Definitions:

Payoff

The return or outcome received from an investment or decision, which can be in the form of profit, satisfaction, or achievement of goals.

Negotiation Consultant

A professional who advises and represents individuals or organizations in negotiations to optimize the outcome of deals or disputes.

Simultaneous Move Game

A strategic scenario where all players make their decisions at the same time, without knowledge of others' actions.

Consulting Costs

Expenses associated with hiring experts to provide professional advice, guidance, or problem-solving.