Which of the Following Statements Regarding Collaborative Planning,forecasting,and Replenishment (CPFR)systems

question 27

Multiple Choice

Which of the following statements regarding collaborative planning,forecasting,and replenishment (CPFR) systems is BEST?

• A)In CPFR,each business develops a sales and operations plan and the mainframe system reconciles these plans to find a middle ground that all businesses work towards.
• B)CPFR is a set of business processes.
• C)CPFR has the Project Management Body of Knowledge (PMBOK©)as its basis.
• D)Recent studies have demonstrated that manual,paper-based CPFR systems are more responsive and more accurate than computer-based CPFR systems.

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Definitions:

Contract

An agreement creating obligations enforceable by law, formed by the mutual consent of parties with capacity to agree.

Market Value

The current price at which an asset or service can be bought or sold in an open and competitive market environment.

Consideration

A fundamental component in contract law that involves something of value exchanged between parties, which is necessary for a contract to be legally binding.

Binding

Describes an agreement or legal decision that is enforceable by law, meaning parties are legally obligated to comply with the terms.