Most ERPs are based on which network model?
a. peer to peer
b. client-server
c. ring topology
d. bus topology
B
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At the breakeven point, the contribution margin
a. is at a maximum. b. minus total fixed costs equals a positive number. c. equals fixed costs. d. is at a minimum.
Which of the following statements is true regarding variable costing?
A) Variable costing is also known as full costing. B) Per unit contribution margin is affected by production levels in variable costing. C) In a variable costing income statement, fixed costs are separated from variable costs. D) Variable costing focuses attention on all product costs and not only relevant product costs.
An organized effort where goods and services are freely exchanged is known as a
A) religion. B) government. C) market. D) business.
Mc-Queen Chicken ? Lenny decided to open a local franchise of the well-known Mc-Queen Chicken, a fast-food restaurant. Before he took the initiative to open the franchise, he tried to weigh all the advantages and disadvantages. He decided, based on his research and understanding, that it would be beneficial to open a local fast-food restaurant. Refer to Mc-Queen Chicken. Which of the following would be an advantage for Lenny?
A. Guidance from the franchisor B. Franchise holders paying for their security C. Disagreements increasing D. Contract disputes E. The franchisor maintaining a great deal of control