An Enterprise Resource Planning (ERP)system Is

question 6

Multiple Choice

An Enterprise Resource Planning (ERP) system is:

• A)a cost-management system that specifically focuses on strategic issues.
• B)a single database that collects data and feeds it into applications that support each of the company's business activities,such as purchasing,production,distribution,and sales.
• C)a sequence of business functions in which customer usefulness is added to products.
• D)a strategy that integrates people and technology in all business functions to deepen relationships with customers,partners,and distributors.
• E)an integrated philosophy of management for continuously improving the quality of products and processes.

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Definitions:

Additional Paid-in Capital

The amount investors pay in excess of the par value for shares, reflecting the additional investment made by shareholders over the minimum required.

Acquisition Transaction

The process wherein one company takes over another company, either by purchasing its equity or its assets, effectively making it part of the acquiring company.

Common Stock

Equity ownership in a corporation, granting shareholders voting rights and a share in the company's profits through dividends.

Fair Value

The amount receivable for an asset sale or payable to undertake a liability in a transaction structured among market actors at the point of evaluation.