7. Explain what an ERP system does.
a. An ERP (enterprise resource planning) system is a software application with a centralized database that is implemented across the entire organization.
8. What is opensource software? How does it differ from closedsource software? Give an example of each.
a. Open-source software is software that makes the source code available for anyone to copy and use.It is free to download, copy, and distribute. Closedsource software does not make the source code available and generally is not free to download, copy, and distribute. There are many examples of both,such as: Firefox (open source), Linux (open source), iTunes (closed source), Microsoft Office (closed source).
9. What does a software license grant?
a. Software licenses are not all the same, but generally they grant the user the right to use the software on a limited basis. The terms of the license dictate users’ rights in detail.
10. How did the Y2K (year 2000) problem affect the sales of ERP systems?
a. Organizations purchased ERP software to replace their older systems in order to avoid any problems with the year 2000 in their software.