Describe the role information plays in enterprise resource planning systems.
What will be an ideal response?
The primary purpose of an ERP is to collect, update and maintain enterprise wide information. All of the
functional departments access the same information when making decisions and solving problems. Refer
to Figure 3.14 for a visual diagram of the role information plays in a typical ERP system.
You might also like to view...
Tyler is a police officer out on patrol. After talking on his radio to his dispatch, Tyler uses words such as “copy that” and “10-4”. These words are known as
a. slang. b. colloquialisms. c. jargon. d. lingo.
Sellers always offer a discount to buyers for prompt payment toward purchases made on credit.
Answer the following statement true (T) or false (F)
Indicate whether each of the following statements is true or false.Margin is calculated by dividing operating income by net income. ______Turnover is a measure of the profits generated from sales. ______Return on investment can be improved by increasing sales, decreasing expenses, or decreasing the asset base. ______If return on investment increases when sales increase, that change usually is due at least in part to the effect of fixed costs (operating leverage). ______Return on investment blends many aspects of managerial performance into a single ratio. ______
What will be an ideal response?
________ is the government program that provides health insurance to individuals who are 65 years of age or older
A) Medicaid B) Medicare C) HMO D) Blue Cross and Blue Shield