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:

Expense Ratio

A measure reflecting the annual cost of investing in a mutual fund or ETF, expressed as a percentage of assets under management.

12b-1 Fee

A fee charged by some mutual funds to cover promotion, distribution, and marketing expenses.

Bank CD

A Certificate of Deposit, a savings certificate with a fixed maturity date and specified fixed interest rate, offered by banks.

Expense Ratio

The annual fee expressed as a percentage of assets under management that investors pay for mutual fund or ETF operations and administration.