Computer-Based Systems, Like ERP, Help Managers Budget for All Manufacturing

question 101

True/False

Computer-based systems, like ERP, help managers budget for all manufacturing costs but lack the ability to help managers budget for non-manufacturing costs.

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Definitions:

Deposit Slip

A document provided by a bank for a depositor to fill out, designed to accompany bank deposits, detailing the items being deposited.

Currency

Any form of money; the name given to the cash we use in our society.

Federal Reserve

The Federal Reserve is the central banking system of the United States, responsible for monetary policy, financial supervision, and the stability of the financial system.

Deposit

To entrust money to a bank or other institution; money (cash or checks) put into an account, increasing the account balance.