Which of the Following Is an Example of an ERP

question 21

Multiple Choice

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

• A)Alexis uses a computerized information system to keep track of all the financial data generated by her bakery.She is considering opening a new bakery on the east side of town.
• B)Betty has a system that keeps track of the accounts payable and receivable for her plumbing business.At the end of the year,the system helps her to prepare her taxes in just two hours.
• C)Charlie keeps records of all his business records in a shoe box.Each week he enters all of the data into spreadsheets that automatically generate purchase orders,based on predetermined inventory reorder points.Production quotas for the coming week are also automatically generated based on customer orders.
• D)Doug is a freelance photographer.He keeps records of all expenses and revenues on his cell phone and then e-mails them to himself every month.The files are stored on his personal computer and backed up to CD quarterly.

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Definitions:

Interest Payments

Cash outflows from borrowers to lenders as compensation for the use of borrowed money.

Expansionary Policy

is a macroeconomic policy that aims to increase economic growth or reduce unemployment by increasing government spending, decreasing taxes, or both.

Excess Reserves

The amount of reserves held by a bank that exceeds the minimum reserve requirements set by the central bank.

Ability

Ability refers to the capacity or power of an individual or entity to do something effectively, often implying a skill or competence in a specific domain.