Advantages and Benefits of Enterprise Resource Planning (ERP)systems Include All

question 81

Multiple Choice

Advantages and benefits of enterprise resource planning (ERP) systems include all of the following except:

• A)increasing the revenue cycle,from invoice through cash receipt
• B)integration among different functional areas to ensure proper communication,productivity, and efficiency
• C)order tracking,from acceptance through fulfillment
• D)managing interdependencies of complex processes such as billing of materials

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Definitions:

Economic Theory

A concept or principles developed to explain how economies work and how economic agents interact.

Substitute Goods

Goods or services that act as substitutes for each other, meaning that if the price of one goes up, the demand for the other also rises.

Production Costs

The total expenses incurred in manufacturing a product or offering a service, including raw materials, labor, and overhead.

Consumer Income

The total amount of income a consumer or household earns from various sources, including employment, investments, and benefits, which impacts their spending and saving behaviors.