In an ERP Suite That Includes Modules Specialized for Higher

question 52

Multiple Choice

In an ERP suite that includes modules specialized for higher education, which of the following would be used to track donations, pledges, and gifts, and manage contacts and donor relationships?

• A)enrollment management
• B)institutional advancement
• C)e-learning
• D)human resources

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Definitions:

Prime Cost

Direct materials cost plus direct labor cost.

Direct Labor

Work done by employees that can be directly traced to the production of goods or services, as opposed to indirect labor involved in support activities.

Direct Materials

The raw materials that are directly traceable to the manufacturing of a product and are an integral part of the finished product.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or decline in value.