All of the Following Statements About Enterprise Resource Planning (ERP)systems

question 9

Multiple Choice

All of the following statements about enterprise resource planning (ERP) systems are true except:

• A) the modules of an ERP system are integrated through common definitions and a common database.
• B) ERP systems are designed to support business processes that involve multiple functional units.
• C) the modules of an ERP system are typically designed for companies operating in the U.S. only.
• D) ERP systems are typically purchased from a software vendor.

Understand the procurement process and its relevance in materials management.

Realize the importance of quality in manufacturing and service contexts and how it is measured.

Grasp the concepts of supply chain management and its critical role in operations.

Acknowledge the environmental and sustainability considerations in manufacturing and operations systems.

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Definitions:

Terminals

Points of end or interface in communication systems, transportation, or data processing systems.

Opportunity Cost

The value of the next best alternative forgone as a result of making a decision, a key concept in economics reflecting the potential benefits missed when choosing one option over another.

Roundtrip Ticket

A transportation ticket that allows an individual to travel to a destination and return back to the original departure point.

Return Flight

A flight heading back to the point of origin, typically part of a round-trip ticket.