All of the Following Statements About Enterprise Resource Planning Systems

question 5

Multiple Choice

All of the following statements about Enterprise Resource Planning systems (ERP) are true except:

• A)ERP systems are designed to record and share information across functional areas such as accounting and marketing.
• B)ERP systems are designed to record and share information across geographical areas such as a sales office in China and headquarters in New York.
• C)ERP system information is updated in weekly in batches.
• D)ERP system information can be organized in different formats to meet the needs of internal and external users.
• E)None of the above.

---

Definitions:

Disadvantage

A condition or situation that makes it more difficult for someone or something to succeed or be effective.

Limited Liability

A legal structure that limits the amount of money that the owners or shareholders of a business can lose to the amount they invested in the company.

Classified by Ownership

Classified by ownership refers to distinguishing entities based on their ownership structure, such as public, private, or governmental.

Publicly Held

A designation for a company whose shares are traded publicly on stock exchanges and can be bought by investors.