The Time-Phased Plan Specifying How Many and When the Firm

question 24

True/False

The time-phased plan specifying how many and when the firm plans to build each end item is called the materials requirements plan (MRP).

---

Definitions:

Subcontracts

Contracts undertaken by a contractor who signs an additional contract with another party to perform part of their contractual obligation.

Privity of Contract

A principle in contract law which holds that only parties to a contract have the right to enforce or challenge it.

Enforce the Contract

The legal process of ensuring that the terms of a contract are carried out as agreed by the parties involved.

Pay

The compensation received by an employee for services rendered to an employer, typically provided in the form of monetary remuneration.