Which of the Following Statements About MRP Is True

question 42

Multiple Choice

Which of the following statements about MRP is True?

• A) To be classified as a successful MRP user, a company must use either the L4L or POQ rules for lot sizing.
• B) MRP gross requirements for a parent item are equal to the planned order releases of its components.
• C) MRP logic is based on the logic of uniform, continuous demand, and item independence.
• D) MRP gross requirements for a component depend on the planned order releases of its immediate parents.

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Definitions:

Economic Predictions

Forecasts about future economic conditions based on current and historical data analysis.

Overestimating Knowledge

The tendency to believe one knows more about a subject or topic than one actually does.

Retention of Material

The ability to remember and recall information, skills, or knowledge over time after initial learning has taken place.

Hindsight Bias

The inclination to feel, after something has happened, that one would have foreseen or anticipated the result.