Which of the Following Statements About Enterprise Resource Planning (ERP)is

question 17

Multiple Choice

Which of the following statements about enterprise resource planning (ERP) is false?

• A)In recent years,ERP vendors have begun to provide high-quality application-specific logistic capabilities.
• B)ERP implementation costs can easily reach tens of millions of dollars.
• C)ERP's origins can be traced back to finance and manufacturing.
• D)ERP glitches often have a logistical component to them.

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Definitions:

Gross Profit Rate

The percentage of revenue that exceeds the cost of goods sold, indicating how efficiently a company uses its resources to produce goods.

Ending Inventory

The overall worth of items ready for sale at the end of a fiscal period.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenues.

Next Period

Refers to the subsequent accounting period or time frame following the current one.