Rather Than Try to Adjust the Master Production Schedule to Change

question 104

True/False

Rather than try to adjust the master production schedule to change resource loads, it is more practical to control the flow at each bottleneck or CCR to bring capacities in line.

Appreciate the concept of social and public capital in contributing to the collective welfare.

Understand the methods of measuring a firm’s capital and investment.

Realize the importance of investing in software and technology as a form of human capital.

Understand the definition and value of capital in economic systems.

---

Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the parties involved to be legally enforceable.

Statutory Novation

The replacement of an obligation to perform under a contract with a new obligation or party, as recognized by statute.

Effective Assignment

A transfer or allocation that fully accomplishes its intended purpose, often relating to tasks, responsibilities, or legal rights.

Statutorily Assigned

Designated or assigned by law or statute in a formal manner.