Answer to Question 1
The answer should include any three of the following.
Enterprise systems can collect a wide variety of data about business events and make that data available for use to all interested and authorized persons inside and outside the organization. The data should help all users (relevance, understandability) make decisions (decision usefulness) and analyze past events to make predictions about future events (predictive/feedback value).
An enterprise system's central database retains one version of data elements, uses that data to verify the accuracy of new data elements entered into the database, and applies business rules to permit only authorized changes to the database. Combined these improve the reliability, validity, and accuracy of the database.
Organization-wide enforcement of data standards and business rules means that business events will be handled consistently across the organization, that all relevant data will be collected (completeness) and that the collected data will be verifiable and neutral.
The integrated nature of the enterprise system makes all data available in a timely manner.
The system facilitates the sharing of services for efficiency and consistency.
Answer to Question 2
Answer: B
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