Enterprise-Resource Planning Software

question 153

Multiple Choice

Enterprise-resource planning software:

• A) Refers to programs that help manage a company's vital operations.
• B) Is another name for spreadsheet programs.
• C) Uses batch processing of business information.
• D) Is substantially declining in use.
• E) Is another name for database programs.

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Definitions:

Settlement Date

The day on which a trade is finalized, and the buyer must make payment and the seller deliver the asset.

Foreign Exchange Gain

Profit arising from the appreciation of a foreign currency relative to the functional currency in foreign currency transactions.

Settlement Date

The date on which a trade or financial transaction must be completed, with the transfer of the asset and payment.

Year End

The end of a fiscal year or accounting period, at which time companies close books and prepare financial statements.