Which of the Following Describes an ERP System

question 123

Multiple Choice

Which of the following describes an ERP system?

• A)ERP systems provide a foundation for collaboration between departments.
• B)ERP systems enable people in different business areas to communicate.
• C)ERP systems have been widely adopted in large organizations to store critical knowledge used to make the decisions that drive the organization's performance.
• D)All of these are correct.

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Definitions:

Least Squares Method

A mathematical technique used in regression analysis to minimize the sum of the squares of the differences between observed and predicted values.

Sum of Squares

A statistical measure that quantifies the total deviation of data points from their mean, often used in variance and standard deviation calculations.

Coefficient of Correlation

A statistical measure that calculates the strength and direction of the relationship between two variables.

Linear Relationship

A type of correlation where there is a constant rate of change between two variables.