7
Question
ERP stands for _______________.
ERP stands for _______________.
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Solution
The correct option is A Enterprise Resource Planning
In accounting, ERP is the acronym for "Enterprise Resource Planning". ERP could be described as a database software package that supports all of a business's processes and operations including manufacturing, marketing, financial, human resources and so on. In other words, the goal of ERP is to have one integrated system for the entire company. The integration of all a company's information from all departments, processes, operations, etc. requires that an ERP system be very sophisticated. This in turn requires a company to commit considerable resources for planning, training, and implementing an ERP system.
In accounting, ERP is the acronym for "Enterprise Resource Planning". ERP could be described as a database software package that supports all of a business's processes and operations including manufacturing, marketing, financial, human resources and so on. In other words, the goal of ERP is to have one integrated system for the entire company.
The integration of all a company's information from all departments, processes, operations, etc. requires that an ERP system be very sophisticated. This in turn requires a company to commit considerable resources for planning, training, and implementing an ERP system.
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