The Following Are Benefits of an ERP Except for the Ability

question 60

Multiple Choice

The following are benefits of an ERP except for the ability

• A) to eliminate data duplication and redundancy.
• B) to standardize data formats.
• C) to easily share data from various departments.
• D) to easily customize software to meet company needs.

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Definitions:

Generally Accepted Accounting Principles

A set of accounting standards and practices that are used in the preparation of financial statements in the United States.

Procedures

The official or established way of doing something, often detailed through a series of steps or actions to be taken.

Guidelines

General rules, principles, or pieces of advice that suggest how something should be done or what something should be.

Account Category

The classification of accounts into different types, such as assets, liabilities, equity, revenue, and expenses, to organize financial information effectively.