Typically,how Are ERP Systems Acquired

question 6

Multiple Choice

Typically,how are ERP systems acquired?

• A)By purchasing or leasing in a SaaS arrangement
• B)By building in-house
• C)By building with proprietary software
• D)From consulting companies

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Definitions:

Collusion

A secret agreement or cooperation between two or more parties for a deceitful, illegal, or fraudulent purpose.

Duty of Performance

An obligation in contract law requiring parties to complete their contractual obligations.

Agency Agreement

A legal contract creating a fiduciary relationship whereby the first party ("the principal") agrees that the actions of a second party ("the agent") binds the principal to later agreements made by the agent as if the principal had himself personally made the later agreements.

Gratuitous Basis

A voluntary action carried out without the expectation of payment or compensation.