Enterprise Software Is Built Around Thousands of Predefined Business Processes

question 1

Multiple Choice

Enterprise software is built around thousands of predefined business processes that reflect:

• A) the firm's organization.
• B) industry benchmarks.
• C) best practices.
• D) cutting edge workflow analyses.
• E) government regulations.

---

Definitions:

Conversion Cost

The combination of labor and overhead costs incurred to convert raw materials into finished products.

Materials Cost

The total expense incurred in acquiring raw materials used in the manufacturing process of products.

Work in Process

Goods that are currently being manufactured but have not been finished.

Beginning Work in Process

The inventory of partially finished goods or work in progress at the start of an accounting period.