The Element of the MRP Record Which Is the Quantity

question 54

Multiple Choice

The element of the MRP record which is the quantity required for an item at the end of each period to meet customer requirements is called

• A)gross requirements.
• B)net requirements.
• C)scheduled receipts.
• D)planned order receipts.

---

Definitions:

Ultra Vires

Acts performed beyond the scope of the legal power or authority granted to a person or corporation.

Apparent Authority

A situation in contract law where a reasonable person would understand that an agent had authority to act, even if the agent did not have actual authority from the principal.

Ratification

Officially confirming and giving legal validity to an agreement or treaty through formal approval.

Elect Officers

The process of choosing individuals to hold positions of authority within an organization, typically through voting.