Chapter 1, Problem 9QC

(Learning Objective 5) Which of the following is false?

1. a. Globalization has increased the necessity for more detailed and accurate cost information.
2. b. The triple bottom line focuses on three items: net income, net assets, and return on investment.
3. c. ERP systems integrate information from all company functions into a centralized data warehouse.
4. d. Lean operations is a philosophy and business strategy of operating without waste.