Explain the kinds of configuration decisions that enterprise resource planning (ERP) implementation teams must make
What will be an ideal response?
One configuration decision is item identifiers. Another set of issues is order size—the organization must specify the number of items in a standard order. A third detailed decision is the structure of the bill of material (BOM). For each of these configuration decisions, the implementation teams must first decide if any of the configuration choices offered by the ERP vendor are suitable. If not, the team must then weigh the advantages and disadvantages of using customized software.
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Risk identification should address every possible negative event
Indicate whether the statement is true or false
You are the person responsible for awarding printing contracts for your company. Your friend owns his own printing company, has a good reputation, and would like your company's business. Would you award your friend any of the contracts your company awards? Why or why not? What process would you go through to weigh this decision?
Gainesville Truck CenterThis company has a weekly payroll of $10,000 for its employees who work Monday through Friday. Federal and state income taxes are withheld in the amounts of $1,700 and $400, respectively, and FICA taxes are withheld at a mandatory rate of 7.65% (6.2% for Social Security and 1.45% for Medicare). In addition, the federal and state unemployment taxes are applied at rates of 2% and 5%, respectively. The company's year-end is December 31. Refer to Gainesville Truck Center. Which of the following statements is true regarding the unemployment taxes to be recorded?
A. $700 of unemployment taxes will be withheld from employee paychecks. B. $700 of unemployment tax expenses will be included on the income statement. C. $1,400 of unemployment taxes payable will be included on the balance sheet. D. $1,400 of unemployment tax expenses will be included on the income statement.
A company is unable to pay its debts to its creditors. It files bankruptcy to free it from its financial obligations while it reorganizes and works out a payment plan with its creditors. During the bankruptcy proceedings, the company continues to operate, and it sells off some assets to raise cash to pay off its immediate obligations. Which type of bankruptcy does this scenario best describe?
A. Chapter 11 B. Chapter 13 C. Chapter 5 D. Chapter 15 E. Chapter 7