Which Application's Primary Business Benefits Include Forecasting, Planning, Purchasing, Material

question 114

Multiple Choice

Which application's primary business benefits include forecasting, planning, purchasing, material management, warehousing, inventory, and distribution?

• A)CRM
• B)SCM
• C)ERP
• D)All of the above

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Definitions:

Comparable

This term often refers to financial metrics or properties that are similar enough to be used for comparison purposes in analyses.

Financial Reporting

The process of disclosing financial performance and position of a company through financial statements issued periodically.

Economic Substance

A principle that transactions should reflect their true economic purpose, not just their legal form.

Faithful Representation

Faithful Representation refers to financial information that accurately reflects an entity's financial performance, position, and changes in financial position.