Manufacturing Resource Planning II (MRPII)

question 146

Multiple Choice

Manufacturing resource planning II (MRPII) :

• A)was developed by the Japanese at the same they developed just-in-time systems
• B)considers both the external and the internal environment
• C)is used to make production planning decisions, such as facility layout and site selection
• D)is a complex computerized system for generating production plans
• E)is the computerized version of a PERT chart

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Definitions:

Trade Surplus

A situation in which a country's exports exceed its imports, leading to a positive balance of trade.

Export

Goods or services sold by a country to another country, contributing positively to the selling country's balance of trade.

C + I + G Curve

An economic model representing the total spending in an economy, comprising Consumption (C), Investment (I), and Government Expenditures (G).

Regressive Tax

A taxation mechanism where the tax rate effectively decreases as the taxable amount (income or assets) increases, placing a higher relative burden on lower earners.