ERP Is Beneficial Because It Transforms Transactional Data into Information

question 8

True/False

ERP is beneficial because it transforms transactional data into information that can be used to support decision making.

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Definitions:

Industrial Development

The process of industrialization whereby an economy is transformed from primarily agricultural to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production.

Fugitive Slaves

Escaped slaves from Southern plantations seeking freedom in the North or Canada especially during the 19th century before the abolition of slavery.

Industrialized

Refers to the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production.

Literacy Rates

Literacy rates indicate the percentage of people in a specific age group who can read and write within a particular population.