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CLEP Principles of Management Exam Prep

Category - CLEP Management

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What is the best definition of enterprise resource planning?
  1. Strategic planning for an organization
  2. Process of creating a human resource plan for the entire organization, including succession planning
  3. Planning an organization’s information technology structure
  4. Integrated information systems which are able to support data storage and all business functions
Explanation
Answer: D - Enterprise resource planning refers to an information system which allows managers to access information about all parts of the organization.

Key Takeaway: There are many different software types that are used in enterprise resource planning. Regardless of the software, the concept remains the same - to integrate different portions of a business or organization in an information and data storage system. Good managers need to learn to use enterprise resource planning software to help coordinate their work and work efficiently and effectively across internal and external barriers.
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