MRP Was a Technique That Helped Managers

question 161

Multiple Choice

MRP was a technique that helped managers:

• A)develop a reliable sales forecast.
• B)determine how many workers were needed to staff various departments.
• C)make sure that the right parts and materials were available at the right time.
• D)schedule the sequence of tasks workers must perform in order to complete a project.

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Definitions:

Material Information

Information that could influence an investor’s decision to buy or sell securities, due to its significance.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.

Nonresident

An individual or entity that does not reside within a particular jurisdiction, often affecting tax and legal responsibilities.

Private Securities Litigation Reform Act

A 1995 U.S. federal law aimed at reducing frivolous securities litigation, mainly by imposing more stringent requirements on plaintiffs.