The goal of ERP is to integrate all of the organizational systems into one fully functioning, high-performance system that is capable of meeting all business needs and user requirements. Of course, this goal is incredibly difficult to achieve because businesses and technologies experience rapid change, and ERP must support mobility, cloud, SaaS, and tiered architectures.

Answer the following statement true (T) or false (F)


True

Business

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Most accounting systems evolve as the business grows and requires changes in their methods for collecting, accumulating, and reporting information

Indicate whether the statement is true or false

Business

Colvin Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $20,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be:

A. $36,000 B. $54,000 C. $42,000 D. $16,000 E. $90,000

Business

The National Labor Relations Act is also known as the:

A) Taft-Hartley Act. B) Wagner Act. C) Landrum-Griffin Act. D) Norris-La Guardia Act.

Business

The Bankruptcy Code uses the term "debtor" to refer to a person who cannot pay his debts

Indicate whether the statement is true or false

Business