Enterprise Resource Planning Systems

question 17

Multiple Choice

Enterprise resource planning systems:

• A)were designed to process transactions faster.
• B)evolved because newer technologies made older systems obsolete.
• C)use a common database for all functional areas.
• D)are utilized to conduct site analyses.
• E)All the above

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Definitions:

Not-For-Profit Sectors

Segments of the economy that are organized and operated for purposes other than generating profit, focusing instead on social, cultural, or charitable missions.

Social Venture Capital

Investment funds allocated to startups and enterprises with the primary goal of generating social impact alongside financial returns.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved through targeted initiatives.

Hybrid Models

Refers to systems or approaches that incorporate elements from two or more different models, methodologies, or technologies.