Which of the Following Describes an ERP System

question 292

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 choices

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Definitions:

Projected Number

An estimate or forecast of a future quantity based on current trends, data analysis, or modeling.

Gold Suites

Luxury hotel accommodations that offer enhanced amenities, services, and possibly gold-themed decor to guests.

Price/Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, often used to gauge the sensitivity of demand to price changes.

Projected Revenue

An estimate of the amount of money that an organization is expected to generate in a future period.