Which of the Following Statements Is True of the Effect

question 43

Multiple Choice

Which of the following statements is true of the effect of enterprise resource planning (ERP) on the IT staff of midsized organizations?

• A)In midsized organizations,the IT staff is often isolated from senior management.
• B)ERP implementation in midsized companies will be part of a strategic process and,once begun,will have the full backing of the entire executive group.
• C)IT specialists in midsized organizations are spread very thin and often are in over their heads during an ERP implementation.
• D)Midsized organizations employ only one or two IT specialists.

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Definitions:

Uncollectible Receivables

These are amounts due to a company from its customers that are considered unlikely to be collected.

Adjusting Entry

An accounting entry made at the end of an accounting period to record unrecognized income or expenses to ensure that the accounting records are accurate.

Allowance for Doubtful Accounts

A contra-account reducing accounts receivable on a balance sheet, reflecting the amount of receivables a company believes it will not collect.

Estimated Uncollectible

The anticipated portion of receivables that a company expects not to collect.