All of the Following Are Advantages of Enterprise Resource Planning

question 4

Multiple Choice

All of the following are advantages of enterprise resource planning (ERP) except it

• A) creates commonality of databases
• B) increases communications and collaboration worldwide
• C) helps integrate multiple sites and business units
• D) requires major changes in the company and its processes to implement
• E) can provide a strategic advantage over competitors

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Definitions:

Inadequate Consideration

This term implies an agreement in which the value exchanged between two parties is significantly disproportionate, questioning the fairness of the deal.

Promissory Estoppel

A legal principle that prevents a promisor from denying the promise or going back on it if the promisee has reasonably relied on the promise to their detriment.

Promisee

The individual or entity to whom a promise or commitment is made in an agreement.

Reliance

Acting based on trust in something or someone, or in contract law, actions taken based on a promise or agreement.