All of the Following Are Outputs from an MRP System

question 14

Multiple Choice

All of the following are outputs from an MRP system EXCEPT:

• A)Order releases.
• B)Change orders.
• C)Forecasts.
• D)Exception reports.

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Definitions:

Asset

An economic resource owned or controlled by an individual or business, expected to provide future benefits.

Liability

Any financial debt or obligation that a company owes, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the ownership interest of shareholders in a company.

Balance Sheet

A financial statement that presents a company’s financial position, showing assets, liabilities, and equity at a specific point in time.