If an organization is using applications rented from a third party vendor running in a remote location, they are most likely using what type of software system?

Answer: Enterprise resource planning

Explanation: Enterprise resource planning or ERP can be defined as a software that is used by the organisations for collecting, storing and interpreting data from several different business activities such as accounting, financing, marketing etc.

These software are usually made by a third party vendor on a customized basis, which he further rents to the organisation for use.