Which of the Following Statements Is True of the Impact

question 8

Multiple Choice

Which of the following statements is true of the impact of enterprise resource planning (ERP) on the IT staff of small organizations?

• A)IT specialists in small organizations are dedicated to managing only the ERP system.
• B)The IT staff in small organizations is isolated from senior management.
• C)The chief information officer obtains the backing of the entire executive group for ERP implementation.
• D)IT specialists in small organizations are spread very thin and often are in over their heads during an ERP implementation.

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Definitions:

Consignee's Ending Inventory

The value of goods that are still on consignment at the end of an accounting period, not yet sold by the consignee.

Specific Identification

An inventory costing method where the cost of each specific item in inventory is identified and assigned to the sold units.

Individually Identifiable

Characteristics of an asset or an entity that can be distinctly identified, isolated, and valued separately from other assets or entities.

Cost of Goods Available

Cost of goods available refers to the total cost of inventory that a company has to sell at the beginning of an accounting period, including purchases made during the period.