What are the different skills needed to thoroughly evaluate the various bids from ERP vendors?
What will be an ideal response?
Because ERP system bids are so complex and have so many different components, it is important to have a team with a wide variety of skills help to evaluate the bids. Of course, the IT staff will have to help evaluate the technology requirements and how well the bid satisfies them. The end users and office staff will be useful for evaluating the usability and functionality of the proposed system. Specialized knowledge about the pricing and contract conditions will have to come from the corporate contract staff also. Their input should help narrow the choice of vendors down to one or two finalists.
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Which of the following statements is true?
A) Accounts receivable are more liquid than cash. B) Notes receivable are always classified as current assets. C) Notes receivable usually have longer collection terms than accounts receivable. D) Accounts receivable are liabilities.
Other things equal, and assuming efficient markets, if a Honda Accord costs $24,682 in the U.S., then at an exchange rate of $1.57/£, the Honda Accord should cost ________ in Great Britain
A) £24,682 B) £38,751 C) £10,795 D) £15,721