ERP Systems Store Vast Quantities of Information About the Materials

question 16

Multiple Choice

ERP systems store vast quantities of information about the materials, machines and equipment, labor, power, maintenance, and setups needed to manufacture different products. This helps simplify the budgeting process as ERP systems ________.

• A) can quickly calculate the manufacturing and nonmanufacturing costs based on a given sales quantity
• B) automatically identify and record changes in processes involved in producing products
• C) identify which underlying assumptions are likely to change
• D) always use a rolling budget ensuring that a budget is always available for a specified future period

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Definitions:

Psychokinesis

The supposed ability to move or manipulate objects with the mind without physical interaction, considered a paranormal phenomenon.

Telepathy

A form of communication where information is transferred between individuals without using the known sensory channels or physical interaction.

Clairvoyance

The claimed capacity to acquire knowledge on objects, individuals, sites, or physical occurrences through channels beyond the conventional human senses.

Precognition

The purported ability to perceive or predict future events before they happen, a phenomenon not supported by scientific evidence.