Enterprise Resource Planning Software (Such as That Supplied by SAP)is

question 36

Multiple Choice

Enterprise Resource Planning software (such as that supplied by SAP) is unlikely,on its own,to be source of competitive advantage because:

• A)It is expensive to install hence its benefits are offset by its costs
• B)It is available to any firm that wishes to purchase it;hence,it is not scarce
• C)It needs to be updated periodically,hence it lacks durability
• D)Its benefits are limited to those activities that require substantial information processing

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Definitions:

Normal Population

A population in which the data follows a normal distribution, characterized by a bell-shaped curve.

Binomial Population

A population in which each member has only two possible outcomes or states, typically referred to as a success or failure.

Goodness-Of-Fit Test

A statistical method employed to assess the alignment between observed data and its predicted distribution.

Degrees Of Freedom

The number of independent values or quantities which can vary in an analysis without breaking any constraints.