If a Firm Does Not Use an ERP,the Best Way

question 44

Multiple Choice

If a firm does not use an ERP,the best way to mitigate the risk of the destruction of master data is to

• A) implement backup and disaster recovery procedures.
• B) use an ERP.
• C) proper segregation of duties.
• D) use of multiple master data files.

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Definitions:

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices remain stable.

Market

A place or system where buyers and sellers interact to trade goods, services, or contracts, allowing for the exchange of resources.

Price

The monetary value assigned to the acquisition of a service or good.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.