Which of the Following Describes an ERP System

question 72

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 the above

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Definitions:

Income Manipulation

Practices that adjust the way income is recorded or reported to present financial results in a misleadingly favorable light.

Assets Section

The part of a balance sheet that lists the company's resources, such as cash, inventory, and property.

Expense Section

A part of the financial statement that lists and details the costs incurred by a company during a specific period.

Finished Goods

Finished Goods are products that have completed the manufacturing process but have not yet been sold or distributed to the end customer.