Which One of the Following Statements About the Patterns of a Demand

question 124

Multiple Choice

Which one of the following statements about the patterns of a demand series is FALSE?

• A) The trend, over an extended period of time, always increases the average level of the series.
• B) The five basic patterns of most business demand series are the horizontal, trend, seasonal, cyclical, and random.
• C) Estimating cyclical movement is difficult. Forecasters do not know the duration of the cycle because they cannot predict the events that cause it.
• D) Every demand series has at least the following two components: horizontal and random.

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Interorganizational

Pertaining to interactions or relationships between different organizations.

ERP System

Enterprise Resource Planning system, a software platform used by organizations to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

FAIS

The Financial Advisory and Intermediary Services Act, a regulation aiming to protect consumers by regulating financial service providers in certain jurisdictions.

Lack of Communication

A situation where insufficient or ineffective exchange of information leads to misunderstandings or conflicts.