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.

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Definitions:

Tariff

A tax imposed on imported goods and services to raise their price, thereby protecting domestic industries from foreign competition.

Liberalize International Trade

The process of reducing tariffs, quotas, and other barriers to allow for the free flow of goods and services across national borders.

Foreign Trade Competition

The competition that domestic companies face from abroad, influencing local markets, pricing, and product offerings.

European Union

A political and economic union of 27 European countries that are tied by common policies covering a wide range of areas, including trade, security, and law.