Which of the Following Statements on MRP Is TRUE

question 30

Multiple Choice

Which of the following statements on MRP is TRUE?

• A) MRP is an inventory control system that derives the gross requirements of the end items from purchase commitments with vendors.
• B) The payoffs from MRP tend to be greater when there are more BOM levels and larger lot sizes.
• C) The fixed order quantity (FOQ) eliminates remnants.
• D) When MRP systems are enhanced to include financial reporting they are called basic MRP systems, or "little mrp."

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Definitions:

Wagner Act

Also known as the National Labor Relations Act of 1935, it is a foundational statute of US labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Picket

A method of protest in which individuals (often labor union members) demonstrate at a particular location to voice their grievances or demands, frequently outside their place of work.

Unsafe Working Conditions

Work environments that pose hazards to employees' health or safety, often in violation of occupational safety and health standards.

Wagner Act

A foundational piece of U.S. labor law that established the rights of employees to organize into unions, engage in collective bargaining, and take collective action such as strikes.