List and briefly describe three different benefits of an ERP system

What will be an ideal response?


There are many potential benefits related to integrating all of an organization's systems in one standard package. First, the overall cost of running the systems should decrease if the ERP system is installed properly. Secondly, there should be new efficiencies discovered in the ability to share data across departmental boundaries in real-time. This data should also be more timely and accurate than before and therefore should help users make better decisions. Standardizing all the processes in the organization should also make it easier to make changes in the future and to train users.

Business

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Telephone surveys, while yielding high-quality samples, do not have fast turnaround times. This is why they are rarely used for political polling

Indicate whether the statement is true or false

Business

Alexander requires all applicants for jobs on the loading dock to demonstrate their proficiency in using tools such as the hand truck. Alexander is giving his applicants a(n) ______ test.

A. cognitive ability B. physical skills C. personality and interest D. drug

Business

Discuss the advantages of using the services of an advertising agency

What will be an ideal response?

Business

Even if the correlation between the returns on two securities is +1.0, if the securities are combined in the correct proportions, the resulting 2-asset portfolio will have less risk than either security held alone.

Answer the following statement true (T) or false (F)

Business