Which of the Following Describes ERP Systems

question 18

Multiple Choice

Which of the following describes ERP systems?

• A) ERP systems provide a foundation for collaboration between departments.
• B) ERP systems enable people in different business areas to communicate.
• C) ERP systems have been widely adopted in large organizations to store critical knowledge used to make the decisions that drive the organization's performance.
• D) All of these.

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Definitions:

Time Value

Time value relates to the concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Voting Stock

Shares that give the shareholder the right to vote on corporate matters, such as electing directors and approving company policies.

Book Value

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus depreciation.

Fair Value

The estimated market price of an asset or liability in an orderly transaction between market participants at the measurement date.