Consider the Following Short Case as You Respond to the Question

question 1

Multiple Choice

Consider the following short case as you respond to the question: Scott and Logan are the CEO and CFO of MLN Corporation.The firm has lately been losing customers to MLN's competitors; Scott and Logan believe an ERP system could help MLN obtain more timely information that will enable them to retain old customers and acquire new ones.They formed a six-person team with representatives from three of MLN's ten departments and instructed them to use the steps in the systems development life cycle to choose and implement an ERP system.A year later, the team had completed its work and implemented the system by transferring data from MLN's general ledger software to the ERP system.Umble and Umble suggested six necessary conditions for a successful ERP implementation.Which of the following statements is most true?

• A)Forming a six-person team ensures that ERP will be seen as an enterprise-wide venture.
• B)Resolving multi-site issues may not have been an issue for MLN.
• C)Both forming a six-person team ensures that ERP will be seen as an enterprise-wide venture and resolving multi-site issues may not have been an issue for MLN are true.
• D)Neither forming a six-person team ensures that ERP will be seen as an enterprise-wide venture nor resolving multi-site issues may not have been an issue for MLN is true.

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Definitions:

Trade Quota

A government-imposed limit on the quantity or value of goods that can be imported or exported during a specified period.

Market For Foreign Exchange

The marketplace where currencies are traded internationally, determining the exchange rates between different currencies.

Capital Flight

The massive outflow of financial assets and capital from a country triggered by economic or political unrest.

Loanable Funds

The resources available for borrowing in the financial markets, influenced by savings, borrowing, and the government’s fiscal policies.