In Operations,forecasts Are the Basis for All of the Following

question 101

Multiple Choice

In operations,forecasts are the basis for all of the following EXCEPT:

• A)capacity planning
• B)project management
• C)inventory planning
• D)work assignments and workloads
• E)pricing and promotion Forecasts are used for all of the responses,however,specific to operations answer E does not apply.E relates to marketing use of forecasts.

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Definitions:

Average Collection Period

The mean duration required by a business to receive payments due from its clients.

Accounts Payable Period

The average time it takes for a business to pay off its suppliers after receiving goods or services, reflecting on the company's cash management efficiency.

Average Collection Period

The typical time frame for a company to receive dues from its clients for goods or services offered on credit.