What Is Enterprise Resource Planning

question 12

Multiple Choice

What is enterprise resource planning?

• A)The analysis and redesign of workflow within and between enterprises.
• B)A standardized set of activities that accomplish a specific task, such as processing a customer's order.
• C)A system that integrates all departments and functions throughout an organization into a single IT system so that employees can make decisions by viewing enterprise wide information on all business operations.
• D)A system that involves managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization's profitability.

---

Definitions:

Artisan's Lien

A legal claim granted to craftsmen or workers on the property they have repaired, built, or improved, ensuring payment for their services.

Judicial Lien

A claim against a debtor's property that is granted by a court judgment, securing payment of a debt or settlement.

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Trustee

A person or organization that holds and administers property or assets for the benefit of a third party under the terms of a trust agreement.