What are the risks and benefits of making modifications to a purchased ERP package?
What will be an ideal response?
One possible benefit of making modifications to a purchased ERP package is that users will find it more usable and thus it might be a bigger success. The modifications might also give the organization a competitive advantage over the competition. However, making modifications can be quite costly and each of the modifications will have to be maintained every time the software vendor releases upgrades to the software that must be installed. These releases can come as often as every six months and can disrupt the functioning of the system. This is why most companies will choose to make as few modifications to the software as possible.
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According to the Core Principles of Professional Selling, the salesperson should always leave immediately when a prospect says "No, I do not need your product."
Answer the following statement true (T) or false (F)
According to accounting standards, the costs of intangible assets with an indefinite life, such as goodwill, should:
A) not be amortized, but should be reviewed annually for impairment. B) be reported on the statement of retained earnings in the year in which it is acquired. C) be amortized over a reasonable period of time not to exceed 40 years. D) be debited to an expense account entirely in the year in which acquired.
What specific qualifications would a legal assistant have to possess in order to meet the Court’s test?
What will be an ideal response?
Issuing commercial papers to finance accounts receivable or short term financing needs lies at the low end of the pecking order of trade financing alternatives
Indicate whether the statement is true or false.