Which of the Following Is an Advantage of Enterprise Resource

question 41

Multiple Choice

Which of the following is an advantage of enterprise resource planning (ERP) systems?

• A)It is inexpensive to implement.
• B)It provides financial benefits only to small corporations.
• C)It replaces separate software systems,such as sales and payroll.
• D)Its implementation requires a small commitment of time and people.

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Definitions:

Minimum Reservation Point

is the lowest or least favorable outcome one is willing to accept in a negotiation or deal.

Maximum Reservation Point

The highest price a consumer is willing to pay for a good or service, beyond which they will choose not to purchase it.

Reservation Point

The least favorable point at which one will accept a deal during negotiations, beyond which they will walk away.

Bargaining Zone

A range within which an agreement is satisfactory to both parties involved in a negotiation process.