Which of the Following Statements About ERP Systems Is Best

question 83

Multiple Choice

Which of the following statements about ERP systems is best?

• A)Recent studies have shown that the most successful ERP implementations use standardized systems.
• B)ERP systems written in XML require complete replacements of a company's legacy systems.
• C)A company must adapt their ERP system to their existing processes in order for all employees to gain a benefit from the new system.
• D)An ERP system requires a regular synchronization of all of the module databases,which is usually accomplished automatically when the business is not conducting business.

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Demand Schedule

A table that shows the quantity of a good that consumers are willing and able to purchase at various prices.

Total Utility

The overall satisfaction or value a consumer derives from consuming a certain amount or quantity of goods and services.

Marginal Benefit

The maximum price a consumer will be willing to pay for an additional unit of a product. It is the dollar value of the consumer’s marginal utility from the additional unit, and therefore it falls as consumption increases.