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.

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Definitions:

Trademark

A recognizable symbol, design, or expression that uniquely identifies and legally protects the brand or product of a particular source from being used by others.

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Revenue Expenditure

Expenses incurred by an organization in its day-to-day operations which do not add to the value of an asset.

Operating Costs

Expenses associated with the day-to-day functions of a business, excluding costs associated with production or acquisition of goods.