Which Statement Is Least Accurate

question 79

Multiple Choice

Which statement is least accurate?

• A)Implementing an ERP system has as much to do with changing the way an organization does business as it does with technology.
• B)The big bang approach to ERP implementation is generally riskier than the phased-in approach.
• C)To take full advantage of the ERP process, reengineering will need to occur.
• D)A common reason for ERP failure is that the ERP does not support one or more important business processes of the organization.

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Definitions:

Equity

Ownership interest in a company, often represented by stocks, giving shareholders a claim on assets and earnings.

Credit Purchases

Transactions where goods, services, or assets are bought with the promise of future payment, often involving interest charges over time.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Inventories

The raw materials, work-in-process products, and finished goods considered part of a business's assets that are ready or will be ready for sale.