To Reduce the Substantial Work That Needs to Be Done

question 67

Multiple Choice

To reduce the substantial work that needs to be done to customize an ERP application to a particular customer, ERP vendors provide ________.

• A)service descriptions
• B)industry-specific solutions
• C)inherent processes
• D)DIY modules

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Definitions:

Capital Account

An account on the balance sheet representing the cumulative amount of investment in the business by the owners or shareholders, plus retained earnings.

Consent

Agreement or approval given freely and knowingly by a competent individual.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal amount.

Capital Balances

The amount of money that owners have invested in a company, minus any withdrawals, often shown in the equity section of the balance sheet.