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:

Ecological-Systems Approach

A theory that emphasizes the multiple environments, or systems, that influence human development.

Microsystem

In the context of ecological systems theory, a pattern of activities, roles, and interpersonal relations experienced by an individual in a given setting with immediate context.

Psychosocial Development

A framework by Erik Erikson that describes eight stages of human development, each characterized by a different psychological crisis that needs resolution.

Cohort

A cohort is a group of individuals who share a common characteristic or experience within a defined period, often studied to identify statistical correlations in longitudinal research.