Software Packages Designed to Integrate the Majority of a Firm's

question 9

True/False

Software packages designed to integrate the majority of a firm's business processes,execute all transactions related to the firm's business processes being integrated,store each piece of data only once in an enterprise-wide database,allow access to data and information in real time,and operate in a client-server environment,traditional or web-based are called enterprise resource planning systems.

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Definitions:

Contract Law

This branch of law deals with the formation, interpretation, and enforcement of contracts between parties.

Licensing Statute

A law that requires individuals or entities to obtain permission through a license to engage in certain professions or activities.

Criminal Agreement

A mutual understanding or arrangement between two or more parties to commit an illegal act or to achieve a legal end through illegal actions.

Tortious

Pertaining to wrongful acts that result in harm or injury to another person, and for which the law may impose civil liability.