Core Applications Are

question 30

Multiple Choice

Core applications are

• A)sales and distribution
• B)business planning
• C)shop floor control and logistics
• D)all of the above

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Definitions:

Creditor

An individual or institution that lends money or extends credit to another entity, which is obliged to pay back the loan.

Pledge

The transfer of collateral to a secured party.

Collateral

Assets pledged by a borrower to secure a loan or credit, which the lender can seize if the borrower defaults on the repayment.

Perfection

In legal and financial contexts, the process of securing an interest in property to achieve priority over third parties in relation to the property.