Umble and Umble Suggested Six Necessary Conditions for a Successful

question 73

Multiple Choice

Umble and Umble suggested six necessary conditions for a successful ERP implementation.Which of the conditions is most clearly related to the "internal environment" component of the COSO frameworks on internal control and enterprise risk management?

• A)Obtain organizational commitment.
• B)Ensure data accuracy.
• C)Select a compatible ERP system.
• D)All of these.

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Definitions:

Behavioral Economists

Researchers and theorists who study how psychological, cognitive, emotional, cultural, and social factors affect economic decisions and outcomes.

System 1

Refers to the fast, instinctive, and emotional way of thinking in Daniel Kahneman's dual-process theory of the mind, contrasting with the slower, more logical System 2.

Ultimatum Game

A game in economic experiments where one party proposes how to divide a sum of money with another party, who can accept or reject the proposal.

Private Interests

Interests or objectives pursued by individuals or entities primarily for their own benefit rather than for the common good.