Which of the Following Is a Limitation of the ERP

question 75

Multiple Choice

Which of the following is a limitation of the ERP systems?

• A)reduction in operating and administrative costs
• B)creation of functional boundaries causing problems of accountability and confusion about the lines of responsibility
• C)reduction in production and delivery lead times
• D)provision of a real-time,enterprise-wide view of the business for faster and more effective decision-making

Comprehend the benefits of self-performing work versus outsourcing.

Understand the procurement process in project management, including solicitation, requests for quotes, and selection criteria.

Understand the significance and process of supplier's final obligations in project management.

Grasp the concept and rationale behind outsourcing decisions in projects.

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Definitions:

Negative Externality

A cost that affects someone who did not choose to incur that cost or participate in the action causing it, often seen in pollution where the public pays the price for private industry actions.

MSC (Marginal Social Cost)

The complete expense incurred by society for the production of one more unit of a good or service, encompassing both individual costs and any external effects.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and externalities.

Society

A large group of individuals who live in the same area, share a common culture, norms, and values, and are organized in a cooperative manner.