Which of the Following Best Describes ERP Systems

question 20

Multiple Choice

Which of the following best describes ERP systems?

• A) popular recruiting systems that help maximize diversity in the workplace
• B) comprehensive systems for identifying and measuring changes in productivity
• C) software information systems that integrate all aspects of business, helping managers stay on top of the latest developments
• D) training systems for employees that allow self-discovery and correction of weaknesses
• E) control systems in which managers are made aware of all deviations from standards

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Definitions:

Minimum Price

The lowest price at which a product or service can be sold, often determined by covering at least the costs of production or market regulations.

Special Order

A one-time customer order typically at a reduced sale price, which does not disrupt regular production or sales activities.

Constrained Resource

A critical resource within a process or system that has a capacity limit potentially affecting overall performance or output.

Profitable Product

A product that generates more revenue than the costs involved in its production, marketing, and distribution.