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The High Cost of ERP Software Licenses Has Traditionally Kept

question 8

True/False

The high cost of ERP software licenses has traditionally kept SMBs with small IT budgets from taking advantage of these powerful applications.


Definitions:

Sample Size

The number of individuals or observations included in a study, which can significantly affect the reliability and validity of the study's outcomes.

Costs

The expenses associated with a project, program, or intervention, including direct, indirect, fixed, and variable costs.

Precision Required

A necessity for accuracy and specificity in data, measurements, or outcomes.

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, indicating the range of accuracy.

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