What is ERP? Why was it developed?
ERP stands for Enterprise Resource Planning systems. ERP systems are manufacturing information systems that are intended to connect all functional areas and operations of an organization, as well as its suppliers and customers, in some cases, via a common software infrastructure and database. The systems utilize a centralized and shared database that allows the organization and easily share information and communicate quickly with all of its internal functional members as well as any participating supply-chain partners.
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Liabilities have which of the following two major categories?
A) Accounts payable and notes payable B) Contributed capital and retained earnings C) Current and long term D) Unearned revenues and other payables
The trademark symbol "SM" is used to indicate a mark associated with a product
Indicate whether the statement is true or false
To acquire monopoly power in its market, Perfect Plastics, Inc, sets its prices lower than its competitors. Under the Sherman Act, this is
a. a per se violation. b. a violation if its competitors make similar deals. c. a violation if it thereby acquires monopoly power. d. not a violation.
Use the information in Scenario B.4. What is the average waiting time in line?
A) fewer than or equal to 3.5 minutes B) greater than 3.5 minutes but fewer than or equal to 4.5 minutes C) greater than 4.5 minutes but fewer than or equal to 5.5 minutes D) greater than 5.5 minutes