Which of the Following Best Describes ERP Systems

question 20

Multiple Choice

Which of the following best describes ERP systems?

• A) popular recruiting systems that help maximize diversity in the workplace
• B) comprehensive systems for identifying and measuring changes in productivity
• C) software information systems that integrate all aspects of business, helping managers stay on top of the latest developments
• D) training systems for employees that allow self-discovery and correction of weaknesses
• E) control systems in which managers are made aware of all deviations from standards

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Definitions:

Excludable

A characteristic of a good or service that allows the owner or provider to prevent others from using it without permission.

Rival

A characteristic of a good or service that implies its consumption by one individual prevents simultaneous consumption by another individual.

Public Goods

Public goods are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.

Private Goods

Goods that are both excludable and rivalrous, meaning only those who pay for them can use them, and one person's use of the good reduces others' ability to use it.