Which of the Following Is an Example of an ERP

question 19

Multiple Choice

Which of the following is an example of an ERP system?

• A)Sam uses a computerized information system to keep track of all the financial data generated by her restaurant.
• B)Jim has a system that keeps track of the cash receipts and cash disbursements of his mowing business.At the end of each month,the system helps him to prepare a monthly profit and loss statement.
• C)Jane is a freelance photographer.She keeps records of all expenses and revenues on her cell phone app and the files are uploaded to the cloud on a regular basis..
• D)Claire keeps records of all her business records in an Excel file.Each week she enters all of the data into a system that automatically generates purchase orders,based on predetermined inventory reorder points.Production quotas for the coming week are also automatically generated based on customer orders.

---

Definitions:

FIFO Method

"First In, First Out," an inventory valuation method where the oldest items are recorded as sold first.

Units Started And Completed

The number of units that have been both initiated and finished within a specific accounting period, relevant in manufacturing and production processes.

Direct Materials

Raw materials that are directly incorporated into a finished product and are easily traceable to the product.

Direct Materials

Core ingredients that are directly associated with the assembly of specific items or delivery of services.