Identify the Major Challenge of an ERP System

question 51

Multiple Choice

Identify the major challenge of an ERP system.

• A)Connects business departments
• B)Connects to suppliers
• C)Connects to customers
• D)The systems are complex and expensive
• E)Reports are based on up to the minute information

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Definitions:

Franchise Taxes

Taxes levied on businesses for the privilege of operating as a corporation or LLC within a particular state.

Registered Agent

A person or company designated to receive official legal and tax documents on behalf of a business entity.

Surviving Corporation

The corporation that remains after a merger, having absorbed another corporation and retained its rights, privileges, and liabilities.

Total Assets

The sum of all current and non-current assets owned by an individual or company, reflecting the total resources or value that the entity controls.