Key Differences Exist When an Integrated Enterprise Resource Planning System

question 89

Multiple Choice

Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system.For example,________ are more accurate and timely,enabling sales order entry staff to provide customers more accurate information about delivery dates.

• A)inventory records
• B)cash receipts
• C)credit approval decisions
• D)exception reports

---

Definitions:

Long Run

A period during which all factors of production and costs are variable, allowing firms to adjust to desired levels.

Gas Station

A retail establishment that sells fuel and often other goods or services to motor vehicle customers.

Long-Run Equilibrium

A state in which all firms in an industry are making normal profit and there is no incentive for market entry or exit.

Profit-Maximizing Price

The price point at which a business can sell its product or service to generate the maximum net profit.