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.

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Definitions:

Accounts Receivable

Funds that customers owe to a business for products or services that have been received but remain unpaid.

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of receivables that may not be collected.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or completion, used to assess inventory value under GAAP standards.