Which of the Following Is an Advantage of Enterprise Resource

question 126

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 companies.
• 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:

Forecast

A prediction or estimate of future trends or values, often based on historical data analysis.

Sales Details

Specific information related to transactions, products, or services sold, including quantities, prices, and dates.

Value of K

In statistical significance testing, it often represents a critical value that delineates the threshold of rejecting or failing to reject a null hypothesis.

Time-series Models

Statistical models that analyze data points collected or indexed in time order to forecast future values.