________ Ensures That All of Its Divisions and Subsidiaries Use

question 42

Multiple Choice

________ ensures that all of its divisions and subsidiaries use a uniform installation of one ERP system. ________ allows for the use of bolt on the systems of companies that are acquired and uses a series of translators to convert the output of various systems into usable financial information.

• A) Continuous reporting; continuous monitoring
• B) Continuous monitoring; continuous reporting
• C) The heterogeneous systems approach; the homogenous systems approach
• D) The homogenous systems approach; the heterogeneous systems approach

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Definitions:

Von Neumann-Morgenstern

A theory designed to understand the utility of outcomes in strategic games, emphasizing the mathematical expected utility.

Expected Utility

A theory in economics that calculates the utility of an outcome based on its probability and the utility of the outcomes.

Income

The monetary payment received for goods or services, or profit from investments, typically calculated on a regular basis like annually or monthly.

Expected Utility Function

A mathematical expression that represents an individual's preferences over a set of outcomes, incorporating the probabilities of those outcomes.