All of the Following Are Reasons That Implementing a New

question 81

Multiple Choice

All of the following are reasons that implementing a new ERP may fail except

• A)employees may resist using the ERP system.
• B)ERPs can take years to fully implement.
• C)employees may refuse to share sensitive information with different departments.
• D)ERPs may require procedures and reports to be standardized across business units.

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Definitions:

Inventory

The total amount of goods and materials held by a company intended for sale or used in producing goods for sale.

Customer Refunds Payable

An account in the liabilities section of the balance sheet that represents obligations to return money to customers for returned, damaged, or unsatisfactory goods.

Adjusting Entry

A record finalized at the close of a financial period for assigning earnings and costs to the actual period of occurrence.

Estimated Returns Inventory

An accounting method used to estimate the value of goods that are expected to be returned by customers.