Enterprise resource planning (ERP) takes MRP one step further because it ________

A) electronically tracks the status and quantity of each item in the system
B) allows materials to be ordered only as they are needed
C) performs inventory control and process scheduling for manufacturing
D) integrates inventory control and process scheduling with a firm's finance, marketing, and HR functions
E) undertakes a plan-do-check-act (PDCA) cycle


D
Explanation: D) Enterprise resource planning (ERP) is a computer application that enables a firm to combine all of the inventory control and process scheduling for the entire company including finance, human resources, and order fulfillment into a single program whereas an MRP is used within manufacturing alone.

Business

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What will be an ideal response?

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Tokyo Motor Company (Tokyo), a Japanese car manufacturer, reported Sales of Products of ¥22,670 billion for the year ended March 31, 2014 . The Cost of Products Sold was ¥18,356 billion. Assume that Tokyo made all sales on credit. Select the correct journal entries that Tokyo made during the fiscal year ended March 31, 2014, related to these transactions. [Tokyo applies U.S. GAAP, and reports

its results in millions of yen (¥).] a. Accounts Receivable ¥22,670 billion Inventories ¥22,670 billion Cost of Goods Sold ¥18,356 billion Revenues ¥18,356 billion b. Accounts Receivable ¥18,356 billion Inventories ¥18,356 billion Cost of Goods Sold ¥22,670 billion Revenues ¥22,670 billion c. Accounts Receivable ¥18,356 billion Revenues ¥18,356 billion Cost of Goods Sold ¥22,670 billion Inventories ¥22,670 billion d. Accounts Receivable ¥22,670 billion Revenues ¥22,670 billion Cost of Goods Sold ¥18,356 billion Inventories ¥18,356 billion e. none of the above

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Indicate whether the statement is true or false

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The four "A's" of a successful contract include ________.

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Business