Which One of the Following Statements Regarding Collaborative Planning, Forecasting

question 29

Multiple Choice

Which one 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 Program Management Body of Knowledge (PMBOK©)as its basis.
• D)Studies have demonstrated that manual, paper-based CPFR systems are faster and more accurate than computer-based CPFR systems.

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Definitions:

Depreciation

Depreciation is the accounting method of allocating the cost of a tangible asset over its useful life.

Net Working Capital

A financial indicator showing the disparity between a company's existing assets and its immediate debts.

Long-Term Bank Credit

A type of financing provided by banks that has a maturity date longer than one year, used for funding significant investments or operations.

Total Cash Flow

The complete sum of cash flowing in and out of a company, particularly influencing its ability to meet short-term obligations.