Closed Questions Should Be Used When the Analyst

question 62

Multiple Choice

Closed questions should be used when the analyst:

• A) needs to explore a new situation.
• B) is able to list all possible responses.
• C) needs to learn an opinion.
• D) has only a small group of people to obtain information from.

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Definitions:

Safety Stock

Extra inventory kept on hand to mitigate the risk of stockouts due to uncertainties in supply or demand.

MRP

Stands for Material Requirements Planning, a system for calculating the materials and components needed to manufacture a product.

Finished Assemblies

Finished Assemblies are completed products that have been assembled from individual components and are ready for sale or use.

Pegging

In material requirements planning systems, tracing upward in the bill of material from the component to the parent item.