Which of the following would be a commitment event in the expenditure cycle None of the answer choices are commitment events in the expenditure cycle Te an order from a customer sales order entry Receive and inspect inventory feece Send payment for goods rechedle pay for inventory There are four basic activities performed in the general ledge and reporting system. Several of these activities represent the basic steps in the accounting cycle what step is the adjusted trial balance prepared? O prepare financial statements update general ledger post adjusting entries produce managerial reports Which of the following statements is false concerning Enterprise Resource Planning (ERP) Systems? O ERP modules cannot be customized to fit existing company processes ERP implementations are costly, time consuming, and complex An ERP system provides an integrated, enterprise-wide, single view of an organization's data and financial situation ERP systems are modular, with each module representing best business practices for a standard busines process