Which of the Following Statements Concerning MRP Is True

question 37

Multiple Choice

Which of the following statements concerning MRP is True?

• A) Dependent-demand items tend to experience relatively constant demand rates.
• B) MRP systems use independent demands for each component item.
• C) Capacity requirements planning (CRP) uses open orders (scheduled receipts) and planned order releases to estimate capacity requirements for critical workstations.
• D) The most accurate way to forecast dependent demand is to examine past usage rates.

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Definitions:

Marginal Product of Labor

The additional output a firm produces as a result of hiring one more worker.

Profit-Maximizing

Profit-maximizing refers to strategies or actions taken by businesses to increase their profits to the highest possible level given their resources and market conditions.

Competitive

Characterized by rivalry where entities strive to gain an advantage or win a contest.

Envelopes

Paper or other material covers used to enclose letters or documents, typically for mailing or storage purposes.