What should be the result of the functional requirements process? How is this used in the selection of an ERP vendor?
What will be an ideal response?
The process of determining the functional requirements of the new ERP system involves first documenting the current legacy systems functionality or using business process reengineering to identify the "best practices" in that particular industry. There should be two major documents output from this process. One will describe the data and functional flow of departmental/business processes and any changes to those processes. The second major document will be a description of all the functions in each department and relative level of importance of each of these functions.
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Under federal law, manufacturers, but not sellers, may be held strictly liable for a defective product
a. True b. False Indicate whether the statement is true or false
The 80-20 rule states that
A. only 80 percent of a market can be segmented. B. only about 80 percent of the people remember the company's positioning of a product while the remaining 20 percent create their own positioning for a particular product. C. market segmentation works well only 80 percent of the time, unlike market assimilation which works 20 percent of the time. D. around 80 percent of a company's sales comes from 20 percent of the customers. E. about 80 percent of corporations do not understand the actual meaning of the term "market segmentation."
In 1969, the federal government estimated that consumer products caused 30,000 deaths, 110,000 disabling injuries, and 20 million trips to the doctor. The product category causing the majority of harm was
A. automobiles. B. children's toys. C. power tools. D. food products.
The best way to measure multicollinearity is using the ________
A) factor of sums B) variance inflation factor C) standard deviation D) correlation matrix