In an MRP Program, the Program Accesses the Status Segment

question 48

Multiple Choice

In an MRP program, the program accesses the status segment of an inventory record according to specific periods called which of the following?

• A) Cubed time units
• B) Time buckets
• C) BOM units
• D) Time modules
• E) Time lines

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Definitions:

Legality

The state or quality of being in accordance with the law; adherence to the law.

Simple Contract

A contract that can be either oral or written, as opposed to a formal contract which requires a special form or method of creation.

Informal Contract

An oral or written contract that is not under a seal or is not a contract of record. Also called simple contract.

Quasi-Contract

An obligation imposed by the law to avoid injustice, even though no true contract exists between the parties.