The MRP Approach That Immediately Updates Only Those Records Directly

question 39

Multiple Choice

The MRP approach that immediately updates only those records directly affected by a change is referred to as a(n) :

• A)regenerative MRP.
• B)batch-type MRP.
• C)Plossl-Wright system.
• D)net-change MRP.
• E)gross-change MRP.

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Definitions:

Annual Fixed Costs

Expenses that a business incurs that do not fluctuate with changes in production level or sales volume, such as rent or salaries, benchmarked on a yearly basis.

Graphical Approach

A method of solving problems or representing data using charts, graphs, or diagrams.

CVP Analysis

Short for Cost-Volume-Profit Analysis, a tool used to determine how changes in cost and volume affect a company's operating income and net income.

Variable Costs

Variable Costs are costs that vary directly with the level of production or sales volume.