Forecasts in a Company Using a Distribution Requirements Planning System

question 58

Multiple Choice

Forecasts in a company using a distribution requirements planning system are typically based on:

• A)historical data from upstream supply partners.
• B)historical data from downstream supply partners.
• C)upstream supply partners' requirements.
• D)downstream supply partners' requirements.

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Definitions:

Actual Fraud

Refers to intentional deception made for personal gain or to damage another individual.

Material Fact

An important fact that if known might influence a decision maker’s decision, such as in a contract negotiation or in the dissemination of information to investors.

Mislead

To cause someone to have a wrong idea or impression about someone or something.

Ultramares Rule

A doctrine limiting the liability of auditors to third parties for negligence, except in cases of fraud or misrepresentation.