QNO 1: MCQS

1: Select the right statement

options: A letter of credit is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions have been met. A letter of credit is a document from a supplier guaranteeing that a buyer will receive payment in full as long as certain delivery conditions have been met A letter of credit is a document from a bank guaranteeing that a buyer will receive payment in full as long as certain delivery conditions have been met None of the available statements are correct

2: Quantitative forecasting techniques include

Consumer surveys Manager opinions Delphi method Nave

3:

Which of the following is a false statement for forecasting? Forecasts are usually incorrect Qualitative forecasting is usually opinion based forecasting Forecast for group of items is accurate than individual item Short range forecasts are less accurate than long range forecasts

4: FTL stands for Free Truck Load Full Truck Load Freight to Level Free Truck Level

5: The _____________________ is a plan for the production of individual end items. MPS JIT MRP II MRP

please give me answers of