Final answer:
ERP systems are designed to integrate and manage business processes across different departments and functions, not just for individual task automation or solely financial management, and they are suitable for both small and large-scale businesses.
Step-by-step explanation:
The Enterprise Resource Planning (ERP) system is best described by option B: ERP integrates and manages business processes across various functions and departments. ERP systems provide an integrated and continuously updated view of core business processes using common databases.
These systems track business resources such as cash, raw materials, production capacity, and the status of business commitments like orders, purchase orders, and payroll. The applications that make up the system share data across the various departments (manufacturing, purchasing, sales, accounting, etc.) that provide data. ERP facilitates information flow between all business functions and manages connections to outside stakeholders.