Multiple Choice
An Enterprise Resource Planning (ERP) System can best be described as:
A) a collection of programs that use a variety of unconnected databases.
B) a single database that collects data and feeds it into applications that support each of the company's business activities, such as purchases, production, distribution, and sales.
C) a database that is primarily used by a purchasing department to determine the correct amount of a particular supply item to purchase.
D) a sophisticated means of linking two or more companies to facilitate their planning processes.
Correct Answer:

Verified
Correct Answer:
Verified
Q56: According to the Institute of Management Accountants
Q57: It is more important for financial accounting
Q58: Managers evaluate value-added activities to determine how
Q59: Benchmarking is a continuous process of measuring
Q60: Cost accounting information developed for managers to
Q62: Budgeting is primarily used to determine year-end
Q63: Explain the difference between a value chain,
Q64: Lean manufacturing techniques are used only in
Q65: The owner of a small retail
Q66: Financial accounting:<br>A) focuses on the future.<br>B) must