Specifically,ERP Extended Components Focus Primarily on ________

question 22

Multiple Choice

Specifically,ERP extended components focus primarily on ________.

• A) customer relationship management and product lifecycle management
• B) product lifecycle management and supply chain management
• C) customer relationship management and human capital management
• D) human capital management and supply chain management
• E) customer relationship management and supply chain management

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Definitions:

Prepaid Insurance

An asset account on the balance sheet representing insurance payments made in advance, which are expensed out over the period to which the insurance coverage relates.

Insurance Expense

The cost incurred by an entity for obtaining insurance coverage, typically recognized as an expense in the income statement.

Adjusting Entry

An accounting entry made at the end of a period to allocate income and expenditure to the appropriate years.

IFRS

International Financial Reporting Standards are a set of accounting guidelines that govern how companies prepare and present their financial statements internationally.