The Inventory-Control Method Called _____ Relies on a Computerized Program

question 53

Multiple Choice

The inventory-control method called _____ relies on a computerized program to calculate the quantity of materials needed for production and to determine when they should be ordered or made.

• A)buying-to-order
• B)material requirements planning (MRP)
• C)manufacturing requirements
• D)manufacturing-to-order

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Definitions:

Financial Components

The fundamental parts of financial analysis including assets, liabilities, equity, income, and expenses.

Collection Agencies

Companies that specialize in recovering funds that are past due or owed by individuals or businesses.

Percentage of the Bill

The portion or fraction of a total bill calculated as a percentage, relevant in contexts like tips, discounts, or finance charges.

Disclosure of Finance Charges

The act of making known any costs or fees associated with a financial transaction, typically required by law.