Which of the Following Describes an ERP System

question 23

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

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Definitions:

Fully Depreciated

An asset has reached the end of its useful life, and its book value is reduced to salvage value or zero.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

Depreciable Cost

The total amount that can be depreciated over an asset's useful life, typically the cost of the asset minus its salvage value.

Obsolescence

The process of becoming outdated or no longer used, often due to technological advancements or changes in preferences.