SCM, CRM, and ERP are all extended ERP components.
Answer the following statement true (T) or false (F)
False
Only SCM and CRM are extended ERP components. ERP is not an extended ERP component.
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Market capitalism is an economic system in which:
A) individuals and firms allocate resources that are privately owned. B) the state has broad powers to serve the public interest as it sees fit. C) market resource allocation is commanded by both private and state ownership. D) there is no correlation between economic freedom and a nation's economy. E) market-oriented economies function in an identical manner.
The lag between when a change in policy is decided and when it is put into action is referred to as the _____ lag.
A. implementation B. recognition C. effectiveness D. decision
Which of the following is often used as the main repository of a company's historical data (i.e., its corporate memory)?
A. The XBRL instance document. B. The data warehouse. C. The operational system. D. Its digital dashboard.
Steinman Construction Company uses the percentage-of-completion method for long-term construction contracts. The company has a project with a contract price of $7,000 on which $600 of gross profit has been recognized in prior years. Information for the current year is as follows: Total cost incurred through current year ............... $5,000 Estimated costs remaining at end of current year
....... 2,800 What is the loss that Steinman should recognize in the current year? a. $600 b. $800 c. $1,400 d. No loss should be recognized.