Key Requirements to a Successful ERP Implementation Include Adequate Computer

question 34

True/False

Key requirements to a successful ERP implementation include adequate computer support,accurate system inputs,and flexible business processes that can conform to the approaches used in the ERP software logic.

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Definitions:

Operating Expenses

The costs associated with the normal operations of a business, such as rent, utilities, and payroll, excluding cost of goods sold.

Dividends

Payments made by a corporation to its shareholder members, usually as a distribution of profits.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to reflect cash transactions.

Comparative Balance Sheets

Financial statements that present the assets, liabilities, and shareholders' equity of a company at different points in time for comparison.