If a Firm Uses an ERP,the Best Way to Mitigate

question 100

Multiple Choice

If a firm uses an ERP,the best way to mitigate the risk of the destruction of master data is to

• A)frequently update the ERP system.
• B)implement the ERP system in three separate instances.
• C)periodically audit the ERP system.
• D)integrate the ERP system with all IT functions.

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Definitions:

Entrepreneur

An individual who creates, organizes, and manages a business venture, taking on financial risks in the quest for profit.

Monitor

To monitor is to regularly observe and check the progress or quality of something over a period of time, often to detect changes or to ensure that it is in a satisfactory condition.

Leader

An individual who guides or directs a group towards achieving specific goals or objectives, often exhibiting qualities such as vision, initiative, and inspiration.

Formal Organization

An organization structured with established laws, regulations, policies, and procedures to achieve specific objectives, characterized by a defined hierarchy and roles.