If a Firm Uses an ERP,the Best Way to Mitigate

question 100

Multiple Choice

If a firm uses an ERP,the best way to mitigate the risk of the destruction of master data is to

• A)frequently update the ERP system.
• B)implement the ERP system in three separate instances.
• C)periodically audit the ERP system.
• D)integrate the ERP system with all IT functions.

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Definitions:

Sells Directly

A method where companies sell their products or services directly to consumers without involving intermediaries, aiming to enhance customer relationships and control the sales process.

Retailer

A business or person that sells goods directly to consumers for their use or consumption, rather than to other businesses or wholesalers.

Perpetual Inventory Systems

This approach to inventory accounting instantly captures sales or purchases of inventory through computerized point-of-sale systems and software for enterprise asset management.

Detailed Inventory Records

Comprehensive documents that track the quantity, value, and movement of inventory.