Which Extended ERP Component Collects Information Used Throughout an Organization

question 30

Multiple Choice

Which extended ERP component collects information used throughout an organization, organizes it, and applies analytical tools to assist managers with decisions?

• A) Business intelligence
• B) Ebusiness
• C) Customer relationship management
• D) Supply chain management

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Definitions:

Faster Decisions

The process of making choices or conclusions more rapidly, often necessary in dynamic or time-sensitive environments for efficiency or competitive advantage.

Positive Outcomes

Results or consequences that are desirable, beneficial, or have a good impact on individuals or groups.

Recognition Heuristics

A psychological strategy where a person makes a decision based on the recognition of one alternative over others, often used in situations involving uncertainty.

Economic Models

Simplified representations of complex economic processes used to predict and analyze economic outcomes.