Which One of the Following Is Not an Input in an MRP

question 20

Multiple Choice

Which one of the following is not an input in an MRP system?

• A)Planned-order releases
• B)Bill of materials
• C)Master production schedules
• D)Inventory on-hand,open orders and lead times

---

Definitions:

Reservation Price Model

A model that defines the maximum price a consumer is willing to pay for a good or service.

Aggregate Demand

The aggregate need for all products and services in an economy, measured at a specific price level and during a particular time frame.

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.