Define Enterprise Resource Planning Systems and Discuss Why They Were

question 102

Essay

Define enterprise resource planning systems and discuss why they were developed.

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Definitions:

Restitution

The act of compensating for loss, damage, or injury caused, often involving the return of stolen or lost property to the rightful owner.

Partially Executed

Refers to a contract or agreement where some, but not all, of the required actions have been completed by the parties involved.

Illegal Contract

An agreement between parties that is prohibited by law or violates legal statutes, making it unenforceable.

Breach

To violate a law, by an act or an omission, or to break a legal obligation that one owes to another person or to society.