Which type of supply chain collaboration methods includes collaborative processes across the supply chain using a set of processes and technology models?
A. Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI)
B. Co-Managed Inventory
C. Collaborative Forecasting and Replenishment (CFAR)
D. Collaborative Planning, Forecasting and Replenishment (CPFR)
Answer: D
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Which of the following is a useful strategy in preparing business reports?
A) Understand and meet audience expectations. B) Use the same format for reports, regardless of topic. C) Keep your report as detailed as possible. D) Write the report for delivery through one media outlet. E) Use an indirect approach whenever possible.
Which of the following best defines a trial balance?
a. Trial balance is a listing of accounts and their balances at a specific point in time. b. Trial balance is a listing of accounts maintained by a company over a period of time. c. Trial balance is a listing of accounts' names at a specific point in time. d. Trial balance is a listing of accounts and their balances over a period of time.
The cost of renting store space is an example of an indirect expense
Indicate whether the statement is true or false
An understatement of Year 1's beginning inventory will:
a. cause Year 2's net income to be overstated. b. cause Year 1's cost of goods sold to be understated. c. have no effect on Year 1's net income. d. cause Year 2's net income to be understated.