International Financial Reporting Standards (IFRS)is the Main U

question 33

True/False

International Financial Reporting Standards (IFRS)is the main U.S.accounting rule book and is currently created and governed by the Financial Accounting Standards Board.

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Definitions:

Demand Information

Data regarding customer requirements for products or services, used for planning production and inventory levels.

Bullwhip Effect

A phenomenon in supply chain management where small variations in demand at the retail level cause increasingly larger variations in demand at the wholesale, distributor, and manufacturer levels.

CPFR

Collaborative Planning, Forecasting, and Replenishment, a business practice where supply chain partners share information and resources to better predict demand and optimize supply.

Technology

The application of scientific knowledge for practical purposes, especially in industry.