An ERP System Is

question 11

Multiple Choice

An ERP system is:

• A)A complex set of computer program modules that integrate the different functional areas of the organisation.
• B)Developed around an information silo principle.
• C)A system that integrates functional and proprietary information systems in different departments in an organisation.
• D)Suitable for both large and small organisations.

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Definitions:

Inflation

The rate at which prices for general goods and services increase, lessening the ability to buy.

Economic Losses

Financial detriment or the reduction in economic value as a result of events such as natural disasters, market downturns, or policy changes.

Social Harmony

A state of peaceful coexistence and cooperation among individuals and groups in a society.

Anticipation

The act of expecting or foreseeing something, often relating to economic expectations about future market trends or government policies.