Which One of the Following Statements Concerning MRP Is TRUE

question 138

Multiple Choice

Which one of the following statements concerning MRP is TRUE?

• A) The scheduled receipts for a parent item are used to calculate the gross requirements for components of that parent.
• B) Some of the key inputs to a computerized MRP system are inventory records, updated bills of material, and a valid master production schedule.
• C) One of the main prerequisites for implementing an MRP system is to have products with few BOM levels.
• D) Benefits of a successful MRP implementation typically include a decrease in the number of inventory turns, and an increase in the number of expediters.

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Definitions:

Meat

The flesh of animals as used for food.

Post Hoc

short for 'Post Hoc Ergo Propter Hoc', a logical fallacy where one assumes that since event Y followed event X, event X must have caused event Y.

Fallacy

A reasoning error that leads to a flawed argument.

Ice Cream

Ice Cream is a frozen dessert made from dairy products, such as milk and cream, combined with flavorings and sweeteners, often enjoyed as a treat.