What Would a Company Need to Conduct When Considering Whether

question 57

Multiple Choice

What would a company need to conduct when considering whether to install an ERP system or not?

• A)TQM survey
• B)cost-benefit analysis
• C)JIT survey
• D)ISO 9001:2000 survey

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Definitions:

Accounts Receivable

The money owed to a business by its customers for goods or services delivered or used but not yet paid for, considered a current asset on the balance sheet.

Promissory Note

A Promissory Note is a financial instrument wherein one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time.

Specified Amount

The exact sum of money stated in a financial document or agreement.

Dishonored Note

A promissory note that was not paid at maturity by the issuer, resulting in a default.