ERP Stands For

question 36

Multiple Choice

ERP stands for:

• A)Entity Replacement Product.
• B)Enclosed Resource Placement.
• C)Enterprise Resource Planning.
• D)Edwin R. Perry, the man that created the first system.

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Definitions:

Short-Term Decisions

Business choices made to affect operations or financial performance in the near future, typically within one year.

Professional Accountants

Individuals who are qualified to perform accounting tasks, such as audits, tax preparation, and financial analysis.

Certified Public Accountants

Professionals who are authorized to provide a range of accounting services, including auditing financial statements, consulting, and tax preparation.

Benchmarking

A systematic approach to identifying the activities with the greatest room for improvement. It is based on comparing the performance in an organization with the performance of other, similar organizations known for their outstanding performance.