Advanced Planning and Scheduling Systems

question 7

Multiple Choice

Advanced planning and scheduling systems:

• A)Use a similar logic to the logic used in MRP.
• B)Consolidate all business planning systems and data throughout an organization.
• C)Integrate materials and capacity planning into one system.
• D)All of these.

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Definitions:

Sales Journal

A specialized journal used to record all of a company's sales on credit.

Controlling Account

A general ledger account that summarizes the total balances of several subsidiary accounts, providing an overview and facilitating reconciliation.

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific main account in the general ledger, used to organize and manage specific types of transactions.

Financial Statement

Reports that convey the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.