The Actual Demand and the Forecasted Demand for a Product

question 148

Multiple Choice

The actual demand and the forecasted demand for a product were as follows: Compute the MAPE.

• A) 0.77%
• B) 7.7%
• C) 0.23
• D) 23
• E) None of these.

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Definitions:

Limited Partnership

A partnership structure where some partners contribute capital and enjoy profits without managing the business, hence have limited liability.

Sole General Partner

is an individual or entity that is the only general partner in a partnership, responsible for the management of the partnership and personally liable for its debts.

Limited Partnership

A form of business partnership where there is at least one general partner liable for the debts of the business and one or more limited partners whose liability is limited to their investment.

Corporation

A legal entity that is separate and distinct from its owners, established to conduct business or engage in activities, with the ability to own assets, incur liabilities, and sell shares.