Which of the Following Statements Is True of Enterprise Resource

question 25

Multiple Choice

Which of the following statements is true of enterprise resource planning (ERP) ?

• A)ERP is a suite of software applications that integrates existing systems by providing layers of software that connect applications together.
• B)The two major components of ERP systems are manufacturing applications and inventory applications.
• C)ERP is also referred to as enterprise application integration (EAI)due to its highly efficient integration properties.
• D)ERP systems are used to forecast sales and to create manufacturing plans and schedules to meet those forecasts.

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Definitions:

Target Company

A business that is the subject of a takeover attempt by another company seeking to acquire control or significant stake in it.

Institutional Bargaining

The process of negotiating working conditions and wages between unions and employers within formal institutions or established frameworks.

Written Contracts

Legally binding agreements between two or more parties that are formally drafted and signed, outlining the terms and conditions of an arrangement.

Dispute Resolution

The process of resolving a dispute between parties through negotiation, mediation, arbitration, or legal actions.