What Is the Name Given to Software Systems That Can

question 139

Multiple Choice

What is the name given to software systems that can integrate all of a company's worldwide functions, departments and data into a single system?

• A) Total quality management
• B) Enterprise resource planning
• C) E-Commerce
• D) Just-in-time inventory management

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Definitions:

Passive

Referring to income generated from activities in which the individual is not actively involved, often subject to different tax rules.

Recourse Liabilities

Debts for which the borrower is personally liable, meaning creditors can pursue the borrower's other assets if the collateral does not cover the debt.

Nonrecourse Liabilities

Nonrecourse liabilities are obligations where the lender's recovery options in case of default are limited to the collateral securing the loan, not the borrower's other assets.

At-risk Amount

The maximum amount of money an individual could lose in an investment, which has implications for tax deductions on certain types of losses.