Which of the following is NOT as a risk associated with ERP implementation?
a. A drop in firm performance after implementation because the firm looks and works differently than it did while using a legacy system.
b. Implementing companies have found that staff members, employed by ERP consulting firms, do not have sufficient experience in implementing new systems.
c. Implementing firms fail to select systems that properly support their business activities.
d. The selected system does not adequately meet the adopting firm's economic growth.
e. ERP's are too large, complex, and generic for them to be well integrated into most company cultures.
E
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All partners must agree before one partner can bind the other partners to a contract if he or she is acting within the general scope of the business
Indicate whether the statement is true or false
The following information is available for Ashley Company for the month ending June 30, 2019.
* Balance as per the bank statement is $11,240. * Balance as per books is $10,200. * Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement. * A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated. * A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to Ashley Company on June 13. * A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20. * The bank statement indicated service charges of $20.
When all the elements of a strategic plan are integrated, it should produce a(n) ______.
a. culture of efficiency in the organization b. common “cause” for employees c. aspirational vision for what the company will become d. “ideal” version of the company that does not yet exist
On December 31, Chu Company had performed $3,000 of management services for clients that had not yet been billed. Prepare Chu's adjusting entry to record these fees earned.
What will be an ideal response?