Which of the Following Describes an ERP System

question 80

Multiple Choice

Which of the following describes an ERP system?

• A)ERP systems provide a foundation for collaboration among 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.

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Definitions:

Common Stockholders' Equity

Common Stockholders' Equity represents the interest of common shareholders in a company, calculated as the difference between total assets and total liabilities, including preferred equity.

Inventory Turnover

An indicator of the frequency with which a business's stock is sold and replenished within a given timeframe, demonstrating the effectiveness of how inventory is handled.

Intangibles

Assets that lack physical substance but possess value, such as patents, copyrights, trademarks, and goodwill.

Long-term Liabilities

Obligations that a company expects to pay after one year.