When We Convert to an Enterprise System, Reengineered Processes Often

question 3

True/False

When we convert to an enterprise system, reengineered processes often result from the installation and can cause changes throughout the systems flowcharts.

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Definitions:

Federal Income Tax

A tax levied by the federal government on individuals' and corporations' yearly income.

Payroll Tax

Taxes imposed on employers and employees, typically calculated as a percentage of the salaries that employers pay their staff.

Benefits Principle

A tax principle stating that those who benefit from government services should pay in proportion to the amount they benefit.

Ability-To-Pay

A principle in taxation that suggests taxes should be levied according to the taxpayer's ability to bear the tax burden.