ERP Systems Capture

question 47

Multiple Choice

ERP systems capture:

• A) only qualitative data.
• B) only quantitative data.
• C) both qualitative and quantitative data.
• D) the same information as traditional accounting information systems.

---

Definitions:

Current Liability

Financial obligations a company is required to settle within one year or within the normal operating cycle.

Long-term Liability

Long-term Liability is any financial obligation of a business that is due for a period exceeding one year, such as bonds payable, long-term loans, and lease obligations.

Premium on Bonds Payable

The amount by which the sale price of a bond exceeds its face value, representing additional cost to the issuer over the bond's life.

Bonds Payable

Long-term debt securities issued by a company to investors, indicating a promise to pay the principal amount at a specified maturity date along with periodic interest payments.