Simple ________ Forecasts Only Work Well If We Can Assume

question 121

Short Answer

Simple ________ forecasts only work well if we can assume that market demands will stay fairly steady over time.

Describe the structure and purpose of databases, networks, and other key information system components.

Understand the impact of digital initiatives on traditional media strategies and business models.

Recognize the importance of infrastructure planning, development, and control as a traditional function of the MIS department.

Calculate and interpret throughput time.

---

Definitions:

Priority Rule

A principle in law that determines the precedence of claims, rights, or interests in order to resolve conflicts between parties.

Inventory

The total amount of goods and materials held in stock by a business, intended for sale or production purposes.

Ordinary Course

Activities or transactions that are regular, customary, and in keeping with the normal operations of a business or individual’s day-to-day life.

Durable Goods

Consumer goods that have a long life span (over three years) and are used over time, such as cars or appliances.