Examlex
Which of the following is a basic component of material-requirements planning (MRP) ?
Nonconforming Goods
Products delivered to a buyer that do not meet the specifications, quality, or standards agreed upon in a contract.
Reasonable Notice
Advance warning or notice given within a fair timeframe, typically in the context of employment or legal procedures.
Benefit of the Bargain
is a legal principle in contract law that awards damages equal to the expected benefits under a contract that were lost due to breaches by the non-performing party.
Consequential Damages
Refers to indirect damages that do not flow directly from the act but are a consequence of the initial act, such as loss of profits.
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