An Enterprise Resource Planning (ERP)system Is A

question 7

Multiple Choice

An enterprise resource planning (ERP) system is a:

• A)hardware system that controls the access of employees to different levels of production in a firm.
• B)software system used by small companies to record revenue and expenses.
• C)hardware system of electronic linkages that allows different computers to share the same information.
• D)software system that can integrate all of a company's functions, departments, and data into a single system.

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Definitions:

Forward Exchange Rate

A contractually fixed exchange rate for the future exchange of currencies at a specified date, used to hedge against foreign exchange risk.

Arbitrage

The simultaneous purchase and sale of the same assets in different markets to exploit price differences for a profit.

Risk-free Rate

The expected yield from an investment that carries no risk of losing money, often identified by the returns on government bonds.

Futures Market

A financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future.