Which of the following is an advantage of enterprise resource planning (ERP) systems?

A) It is inexpensive to implement.
B) It provides financial benefits only to small companies.
C) It replaces separate software systems, such as sales and payroll.
D) Its implementation requires a small commitment of time and people.


C) It replaces separate software systems, such as sales and payroll.

Business

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Answer the following statements true (T) or false (F)

1) The current portion of notes payable is the principal amount that will be paid within two years of the balance sheet date, and the remaining portion is long term. 2) The current portion of notes payable is reported on the balance sheet under current liabilities. 3) The issuance of a note is recorded, on the books of the borrower, by crediting Cash and debiting Notes Receivable. 4) When preparing an amortization schedule, the interest expense increases each year because the principal decreases with each installment payment. 5) On March 1, 2018, Vintage Services issued an 8% long-term notes payable for $22,000. It is payable over a 16-year term in $1,375 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $1,375 and interest payment for the preceding one-year period. The journal entry to pay the first installment will include a debit to Interest Expense for $1,760.

Business

______ is the worst reaction to an influence tactic, which can create distrust.

What will be an ideal response?

Business

Five individuals get food poisoning after consuming aerated drinks of a well-known company. Following this incident, the public demands an inquiry into the company's manufacturing processes. This demand by the public represents _____.

A. consumerism B. protectionism C. commercialism D. integralism

Business

According to the Keown book, Mint and Level Money are two of the best smartphone apps for tracking your spending and setting up a budget

Indicate whether this statement is true or false.

Business