Umble and Umble Suggested Six Necessary Conditions for a Successful

question 24

Multiple Choice

Umble and Umble suggested six necessary conditions for a successful ERP implementation.Expectancy theory can be useful in achieving all of the following conditions except:

• A)Obtaining organizational commitment.
• B)Viewing ERP as an enterprise-wide venture.
• C)Resolving multisite issues.
• D)Ensuring data accuracy.

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Definitions:

Prices

The cash amount predicted, necessary, or offered as compensation for something.

Real Interest Rate

The interest rate that has been adjusted to remove the effects of inflation, representing the true cost of borrowing and the true yield on investing.

Nominal Interest Rate

The interest rate before adjustment for inflation; the stated rate on a loan or investment.

Rate of Inflation

The uplift in the general cost of products and services in an economy over an allotted period.