For an ERP to Be Effective, It Must Be

question 79

Multiple Choice

For an ERP to be effective, it must be:

• A) aimed at challenging goals that are modifiable throughout the recruitment process.
• B) designed such that it shows a preference for hiring relatives of current employees.
• C) focused on reducing the amount of diversity among employees to ensure smooth functioning.
• D) communicated to all existing employees of the company in detail.
• E) implemented such that it is accessible to select employees only.

---

Definitions:

Variable Cost Concept

The variable cost concept implies costs that vary directly with the level of production or sales volume, such as materials and labor.

Markup

The amount added to the cost price of goods to cover overhead and profit when determining the selling price.

Total Cost Concept

An approach that takes into account all costs associated with the production and distribution of goods or services.

Cost-Plus Approach

A pricing strategy where a fixed percentage or amount of profit is added on top of the cost to produce or purchase goods or services.