Enterprise Resource Planning (ERP)core Components Support the Primary External Activities

question 35

True/False

Enterprise resource planning (ERP)core components support the primary external activities of the organization that deals with suppliers and customers.

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Definitions:

Property Rights

The rights of companies and individuals to own resources, make decisions about how to use it, and reap the returns or losses of business activities

Riparian Rights

Legal entitlements related to the ownership of land adjacent to rivers, lakes, or streams, often concerning the use and access to the water.

Arbitration

The process of reaching a binding decision through an arbitrator (a third party) outside the courts.

Law of the Sea

A body of international law governing the rights and duties of countries in their use of the world's oceans and their resources.