Standards (Tangible or Intangible) Are Units of Measurement That Serve

question 5

True/False

Standards (tangible or intangible) are units of measurement that serve as reference points for assessing (evaluating) results.

---

Definitions:

ERP

Enterprise Resource Planning software serves as a tool for organizations to manage their daily business processes, including accounting, procurement, project management, and manufacturing.

Decision Support

Systems or software designed to assist in making business decisions by analyzing data and presenting actionable information.

Efficiency

The ability to accomplish a task or produce a desired outcome with the least waste of time, effort, or resources.

Key Indicator

A measurable value that demonstrates how effectively a company or organization is achieving key business objectives.