Chapter 1, Problem 5AYRM

Which of the following activities is supported by financial management systems?   Question 9 options:   1)  mapping the employee life cycle, starting from recruitment to retirement   2)  deciding which suppliers to use for sourcing raw materials   3)  budget planning, assets, general ledger, and related activities   4)  creating and maintaining a repository of employee contact information

Describe the concept of asset management within system management strategies.

Explain the concept of asset management in the context of system management strategies.