In a Centralized System

question 20

Multiple Choice

In a centralized system:

• A) stock is pulled into the system from marketing
• B) forecasting is decentralized by department
• C) an attempt is made to replace the stock that has been sold and to provide for special situations
• D) distribution centers are involved in determining what they receive

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Definitions:

Lifetime Employment

A job guarantee in which an employee can expect to remain employed in their position for their entire working life.

Oral Contract

An agreement between parties that is spoken and not written, yet is legally binding unless specifically required by law to be written.

Enforceable

Capable of being executed or imposed in accordance with legal or contractual requirements.

Debt

Money owed by one party, the debtor, to another party, the creditor; an obligation to pay or do something.