The Primary Difference Between Demand Management and Demand Forecasting Is

question 43

Multiple Choice

The primary difference between demand management and demand forecasting is:

• A)Forecasting is only possible when quantitative data are available.
• B)Demand management is proactive,while forecasting attempts to predict.
• C)A firm cannot execute both approaches simultaneously.
• D)One approach deals with uncertainty,while the other deals with known demand.

Understand the purpose and capabilities of standard and class modules in Access.

Know how to create and execute functions and procedures within Access modules.

Comprehend the structure and naming conventions of VBA coding.

Understand the application and implementation of event-driven programming in Access.

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Definitions:

Flexibility

The capacity to adapt to changing conditions or circumstances in a business or operational context.

Useful Output

The amount of finished product or completed service that is produced and considered of value to the consumer or market.

Special Journals

Customized accounting journals used for recording specific types of transactions in detail, such as sales or purchases.

Cash Receipts Journal

An accounting journal specifically for all cash inflows or receipts, including sales, loan proceeds, and interest earned.