If the Planning Horizon Is 12 Weeks, the Cumulative Lead

question 30

Multiple Choice

If the planning horizon is 12 weeks, the cumulative lead time must be:

• A)Greater than 12 weeks.
• B)Exactly equal to 12 weeks.
• C)Greater than 6 weeks.
• D)Less than or equal to 12 weeks.

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Definitions:

Posting

The process of recording financial transactions in the ledger of an accounting system, an essential step in the accounting cycle.

Transaction

A business event or exchange between two or more parties that has a financial impact on the accounts of the entities involved.

Trial Balance

A bookkeeping report that lists the balances of all ledger accounts at a specific point in time, used to verify the mathematical accuracy of the accounts.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to check the mathematical accuracy of the bookkeeping entries.