For an ERP to Be Effective, It Must Be

question 79

Multiple Choice

For an ERP to be effective, it must be:

• A) aimed at challenging goals that are modifiable throughout the recruitment process.
• B) designed such that it shows a preference for hiring relatives of current employees.
• C) focused on reducing the amount of diversity among employees to ensure smooth functioning.
• D) communicated to all existing employees of the company in detail.
• E) implemented such that it is accessible to select employees only.

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Definitions:

Margin

The difference between the selling price of a product or service and its production or acquisition cost, often expressed as a percentage.

Return on Investment

A measure of the profitability of an investment expressed as a percentage of the initial amount invested.

Turnover

The rate at which inventory or assets are replaced over a given period, or alternatively, the total amount of a company's sales or revenues.

Net Operating Income

The total profit of a company after operating expenses are subtracted, but before taxes and interest are deducted.