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:

Entropy

A measure of disorder or randomness in a system, often used in physics, information theory, and other fields to describe how structured or disordered a system is.

Performance Excellence

A strategy or practice within business and organizational management focused on meeting customer expectations and improving service or product quality continuously.

Simultaneous Loose-Tight Properties

A concept in organizational management where certain aspects of a company are controlled tightly while others are allowed flexibility, promoting innovation and adherence to core values.

Strategic Opportunities

Prospects that align with an organization's strategic plan, offering potential for significant growth or advancement.