The Primary Objective of ERP Is to Integrate All Departments

question 19

True/False

The primary objective of ERP is to integrate all departments and functions, internal and external, onto a single computer system to serve the enterprise's needs.

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Definitions:

Cash Outlays

Payments in cash for expenses or investments made by a business or individual.

Auto Leases

Contracts that allow a person to use a car for a set period of time in exchange for regular payments, without owning the vehicle.

Lessee

The party in a lease agreement that gains the right to use an asset in exchange for making payments to the lessor.

Lease

A contractual agreement allowing the lessee to use an asset owned by the lessor for a specified period in exchange for payment.