Closed-Loop MRP

question 14

Multiple Choice

Closed-loop MRP:

• A)is a system which closes the loop between the supplier and the purchaser.
• B)provides a feedback loop between capacity and the master production schedule.
• C)requires a feedback loop between purchasing and accounting.
• D)requires a check between the master production schedule and inventory.
• E)allows a unit manager to sequence jobs done in that department.

---

Definitions:

Per Capita Consumption

The average consumption of a good or service per individual within a population.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's streams, lakes, and oceans and the fluids of most living organisms.

Energy

The capacity to do work, which comes in various forms such as kinetic, potential, thermal, electrical, chemical, nuclear, and others, and can be transformed from one form to another.

Commodities Price Index

An index that measures changes in the general price level of commodities traded in the global markets, like metals, food, and energy.