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 Project Management Body of Knowledge (PMBOK©) as its basis.
D) Studies have demonstrated that manual, paper-based CPFR systems are more responsive and more accurate than computer-based CPFR systems.
Answer: B
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For international businesses, banking services are extremely important. Both a _______ and a _______ are popular methods of paying for import and export transactions.
a. line of credit; banker's acceptance b. letter of credit; collateral c. collateral; line of credit d. collateral; banker's acceptance e. letter of credit; banker's acceptance
A trial balance is a list of all of the accounts of a company with their balances at a point in time
Indicate whether the statement is true or false