Examlex
Which of the following is the first step in implementing an ERP system?
Profit Center
A part of an organization that is directly responsible for generating its own revenue and profits.
Fixed Assets
Long-term tangible assets, such as buildings, machinery, and equipment, used in operating a business and not expected to be converted to cash in the current or next fiscal year.
Yearly Income
The total amount of income generated by a person or entity in one fiscal year.
Return On Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit from an investment by the original capital cost.
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