Which of the Following Statements Is True of ERP Application

question 48

Multiple Choice

Which of the following statements is true of ERP application programs?

• A)During the ERP development process,the development team sets configuration parameters that specify how ERP application programs will operate.
• B)There are virtually no limits to how much configuration can be done in an ERP application program.
• C)In order to meet varying customer requirements,development teams must often change the program code of ERP application programs.
• D)Custom programming of ERP application programs is economical both initially and for long-term maintenance.

---

Definitions:

Demand Curve

An illustrative chart that maps out the link between a good or service's price and the amount of it people are willing to buy during a certain period.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good supplied.

Lowest-Cost Seller

A firm or an individual that can produce or supply goods or services at the lowest price compared to competitors, often due to efficiencies, scale, or technology.