When Did the Second Generation of ERP Systems Occur

question 105

Multiple Choice

When did the second generation of ERP systems occur?

• A) Late 1970s
• B) Early 1980s
• C) Late 1980s
• D) Early 1990s

---

Definitions:

Ending Inventory Cost

The total value of all the goods a company has in stock at the end of a financial period, calculated using one of several accounting methods.

Physical Inventory

A process of counting the actual inventory on hand at a particular point in time.

Units Available

The total quantity of goods a company has ready for sale or production usage at any given time.

Retail Method

An accounting method to estimate inventory value by applying a consistent markup to the cost of merchandise, used often in the retail industry.