Data Management Systems That Integrate Information Across All the Departments

question 74

Multiple Choice

Data management systems that integrate information across all the departments of an organization are called

• A)enterprise data planning (EDP)systems.
• B)intermodal data planning (IDP)systems.
• C)electronic data interchange (EDI)systems.
• D)enterprise resource planning (ERP)systems.
• E)just-in-time (JIT)inventory systems.

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Definitions:

Company's Stock Performance

An evaluation of how the shares of a particular company have traded in the stock market, affecting investor sentiment and value.

Managerial Information

Pertains to the tailored data and reports designed to assist managers in making specific decisions to achieve organizational objectives.

Long-Term Planning

The process of setting goals and outlining strategies over an extended period, typically over years or decades, to achieve sustained growth.

Conversion Costs

Costs associated with converting raw materials into finished goods, including both direct labor and manufacturing overhead.