Which of the Following Is True Due to the Advent

question 147

Multiple Choice

Which of the following is true due to the advent of ERP systems?

• A)As ERP systems are software based, they have given way to a more service-based economy.
• B)As ERP systems track costs more efficiently, the benefit from the cost information outweighs the cost of obtaining the information.
• C)As ERP systems track costs more efficiently, large quantities of similar products can be produced at lower costs.
• D)As ERP systems have the ability to trace all production costs to individual units, all product costs can now be classified as either direct materials or direct labor.

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Definitions:

S.T.E.P. Approach

A strategic planning method focusing on scanning, targeting, evaluating, and proceeding to address organizational issues or opportunities.

Open-Book Management

A management approach where financial information is shared with employees to involve them in understanding how their actions affect the company's performance.

Stock Ownership

The holding of shares in a company, giving the shareholder a claim on part of the company’s assets and profits.

Family And Medical Leave Act

A United States labor law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.