What should management do to assess the potential benefits from implementing an ERP?
To assess benefits, management first needs to know what they want and need from the ERP. They should establish key performance measures such as reductions in inventory levels, inventory turnover, stockouts, and average order fulfillment time that reflect their expectations. To monitor performance in such key areas, they should establish an independent value assessment group that reports to top management.
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The accounts receivable turnover ratio is computed by dividing net income by average accounts receivable
a. True b. False Indicate whether the statement is true or false
The process by which the raw data are transformed into new variables that have a mean of 0 and a variance of 1 is called standardization
Indicate whether the statement is true or false
Which of the following statements is true concerning divorce cases?
a. Bankruptcy laws and statutes are much simpler than divorce laws and statutes b. Divorce fraud never involves hiding or transferring assets c. Most divorce cases are civil cases, with no criminal charges filed d. It is illegal for divorce attorneys to hire investigators to help them find hidden assets
Which of the following statements is not true of performance reports?
A) Performance reports should be tailored to the responsibilities of the manager or department for which they are prepared. B) Performance reports normally report standard costs and variances. C) Performance reports should contain space for explanation of variances. D) Performance reports do not present the causes of variances.