Ideally, Planning Is a Top-Down Function in Which Top Executives

question 101

True/False

Ideally, planning is a top-down function in which top executives establish business plans and tell others to implement them.

---

Definitions:

Batch Processing

A processing method where data or transactions are accumulated over a period and processed as a single group.

OLAP

Online Analytical Processing, a category of software tools that provides analysis of data stored in a database, enabling complex calculations, trend analysis, and data modeling.

Source Data Processing

The handling or manipulation of raw data to prepare it for further analysis, including validation, sorting, reduction, and transformation.

MRP II

Stands for Manufacturing Resource Planning, an evolution of Material Requirements Planning (MRP) that integrates additional data, such as employee and financial needs, to support manufacturing processes.