Final answer:
The statement is true. ERP systems are designed to integrate various business functions within an organization, sharing information and streamlining processes for improved efficiency and accuracy of records.
Step-by-step explanation:
The statement that ERP (Enterprise Resource Planning) represents an expanded effort to integrate standardized record-keeping that shares information among different areas of an organization is true. ERP systems are software platforms that provide an integrated suite of business functions and processes, often covering areas like finance, HR, manufacturing, supply chain, services, procurement, and others. By integrating these disparate functions, an ERP system facilitates the flow of information between all business functions inside the boundaries of the organization and manages connections to outside stakeholders. It helps in creating a more streamlined, efficient, and accurate set of records that reflect the real-time status of the organization's operations.