Which of the following statements regarding enterprise resource planning systems is NOT correct?
A) Most companies using ERP use their system to serve all of the information requirements.
B) The primary advantage of ERP systems is that they pull together all of the classic business functions into a single, tightly integrated package.
C) All of the business functions running from an ERP system use a common database.
D) Making ERP systems integrate with other applications in a business presents a significant technological challenge.
Answer: A
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Why is sustainable competitive advantage so important to a winning business strategy?
What will be an ideal response?
The ___________ type of executive summary is better suited to a business that intends to market a new product or enter a new market.
A. informative B. synopsis C. narrative D. blended
In explaining to employees that the department will be reorganized, a supervisor should focus on how the changes will make the company more profitable, not on topics such as job security and job design.
Answer the following statement true (T) or false (F)
By what amount (in Canadian Dollars) would XYZ have to adjust its Loan Liability on December 31, 2016 as a result of the year's foreign exchange rate fluctuations?
XYZ Corp. has a calendar year end. On January 1, 2016, the company borrowed $5,000,000 U.S. dollars from an American Bank. The loan is to be repaid on December 31, 2019 and requires interest at 5% to be paid every December 31. The loan and applicable interest are both to be repaid in U.S. dollars. XYZ does not hedge to minimize its foreign exchange risk.
The following exchange rates were in effect throughout the term of the loan:
The average rates in effect for 2016 and 2017 were as follows:
A) A $5,000 increase.
B) Nil.
C) A $5,000 decrease.
D) A $2,500 decrease