An Advanced Control System for Inventory That Has Evolved from Materials

question 6

Multiple Choice

An advanced control system for inventory that has evolved from materials requirements planning is which of the following?

• A) IRP
• B) ARP
• C) MRPII
• D) DRP

---

Definitions:

Consolidated Equity

The total amount of owners' or shareholders' equity in a conglomerate, after all inter-company balances and transactions have been eliminated in consolidation.

Financial Statements

Official records that detail the financial activities and condition of a business, organization, or individual, typically including balance sheet, income statement, and statement of cash flows.

Retained Earnings

The portion of a company's profits kept in the business after dividends are paid to shareholders, used for reinvestment or to pay off debt.