Which of the Following Statements Is True with Regard to ERP

question 25

Multiple Choice

Which of the following statements is true with regard to ERP systems?

• A) ERP systems are large software applications used to automate activities across a business.
• B) ERP systems are predominately used in small to medium sized companies.
• C) ERP systems usually use a number of different databases.
• D) ERP systems are simple to implement in a business.
• E) ERP systems serve the same purpose as CRM systems.

---

Definitions:

Work Sheet

An informal financial statement usually used internally to prepare financial statements and support accounting operations.

General Journal

The primary accounting record used to record all transactions in chronological order, including both debit and credit accounts.

Work Sheet

An internal document used by accountants to compile and analyze the accounts before preparing financial statements.

Adjustments

Modifications made to the accounting records or financial statements to accurately represent the financial position of an organization.