How Often Are Major Software Changes Typically Made to ERP

question 21

Multiple Choice

How often are major software changes typically made to ERP?

• A) Every 12 months
• B) Every 1 to 2 years
• C) Every 3 to 5 years
• D) Every 5 to 10 years

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Definitions:

ABC System

Activity-Based Costing; a method of assigning overhead and indirect costs to specific products or projects, based on their usage of activities.

Single-Base Allocation

A cost allocation method where overhead costs are distributed based on a single criterion or cost driver.

Cost Difference

The variance between the actual cost and the standard or expected cost of an item or activity.

ABC System

Activity-Based Costing System, a method of assigning overhead and indirect costs to specific products and services based on their consumption of resources.