The Three Main Inputs to an MRP System Are the Bill-Of-Materials

question 71

True/False

The three main inputs to an MRP system are the bill-of-materials, the master schedule, and the inventory records file.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various price points, at a given time.

Excise Tax

A per-unit tax on a specific good.

Supply Curve

A graph that represents the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied of a good does not change as its price changes.