Which of the Following Best Describes an Enterprise Resource Planning

question 16

Multiple Choice

Which of the following best describes an Enterprise Resource Planning System?

• A)A database that is primarily used by a purchasing department to determine the correct amount of a particular supply item to purchase
• B)A sophisticated means of linking two or more companies to facilitate their planning processes
• C)A single database that collects data and feeds it into applications that support each of the company's business activities,such as purchases,production,distribution,and sales
• D)A collection of programs that use a variety of unconnected databases

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Definitions:

Investing Activities

Financial transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.

Statement Of Cash Flows

A report detailing how variations in income and balance sheet figures influence cash and cash equivalents.

Retirement Of Bonds Payable

The process of paying off issued bond debt before its maturity date, removing the bonds from circulation.

Sale Of Investments

The process of selling investment assets such as stocks, bonds, or real estate, typically to generate cash or realize gains.