What Was the Real Significance of First-Generation ERP Systems

question 131

Multiple Choice

What was the real significance of first-generation ERP systems?

• A) Speed
• B) Access to data
• C) Greater accuracy with scheduling orders
• D) Reducing the need for supplies from vendors

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Definitions:

Truth in Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Home Equity Plan

A financial arrangement allowing homeowners to borrow against the equity of their home, typically through a line of credit or a loan.

Telemarketing Sales Rule

A set of regulations established by the Federal Trade Commission aimed at protecting consumers from deceptive and abusive telemarketing practices.

FTC

The Federal Trade Commission, a U.S. federal agency tasked with protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices.