____ are designed to deal with differences in currencies and fluctuating currency exchange rates, which can cause additional problems in consolidating financial data.
a. Enterprise resource planning systems
b. Life cycle management systems
c. Catastrophe management systems
d. Quality assurance planning systems
a. Enterprise resource planning systems
An enterprise system is used to ensure that business transactions are processed efficiently and accurately and that the resulting information can be accessed by end users and managers in all business areas. A well-implemented enterprise resource planning (ERP) system enables rapid consolidation of financial data across multiple organizational units and countries because every business unit is using the same system and same database. In addition, ERP systems are designed to deal with differences in currencies and fluctuating currency exchange rates, which can cause additional problems in consolidating financial data.
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