Answer True or False. No explanation necessary

(a) ( T F ) Aggregate planning is a process by which a company determines levels of capacity, production, subcontracting, inventory, stockouts, and even pricing over a specified time horizon.

(b) ( T F ) The goal of aggregate planning is to satisfy demand in a way that minimizes profit.

(c) ( T F ) An aggregate plan can be used to determine whether a company needs to hire or lay off workers.

(d) ( T F ) The aggregate planner must make a trade-off between capacity, inven- tory, and backlog costs.

(e) ( T F ) Predictable variability is change in demand that cannot be forecasted.

(f) ( T F ) A firm that uses flexible work hours from the workforce to manage capacity to better meet demand is using a seasonal workforce.

(g) (T F)Whenperformingaggregateplanning,thegoalofallfirmsinthesupply chain should be to maximize individual firm profits.

(h) ( T F ) In general, as the fraction of increased demand coming from for- ward buying grows, offering the promotion during the peak demand period becomes more attractive.

(i) ( T F ) Supply chain coordination requires each stage of the supply chain to take into account the impact its actions have on other stages.

(j) ( T F ) The bullwhip effect enables different stages of the supply chain to have a consistent estimate of what demand looks like.