Which of the Following Best Describes ERP Systems

question 20

Multiple Choice

Which of the following best describes ERP systems?

• A) popular recruiting systems that help maximize diversity in the workplace
• B) comprehensive systems for identifying and measuring changes in productivity
• C) software information systems that integrate all aspects of business, helping managers stay on top of the latest developments
• D) training systems for employees that allow self-discovery and correction of weaknesses
• E) control systems in which managers are made aware of all deviations from standards

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Definitions:

Franchisor

The party in franchising that owns the overarching company, trademarks, and products or services being offered, which grants the right for a franchisee to operate under the business's name.

Franchisee

A party that acquires the rights to use a company's trademark and business model to conduct business under that name.

Royalty Fees

Periodic payments made by a franchisee to the franchisor, typically based on a percentage of the franchisee's sales revenue.

Gross Profits

The total revenue from sales minus the cost of goods sold, before deducting operating expenses.