Which of the Following Best Describes a Gross Material Requirements

question 105

Multiple Choice

Which of the following best describes a gross material requirements plan?

• A) a schedule that shows total demand for an item, and when it must be ordered from a supplier or when production must be started
• B) an intermediate range plan for the scheduling of families of products
• C) a chart illustrating whether capacity has been exceeded
• D) a table that corrects scheduled quantities for inventory on hand
• E) a schedule showing which products are to be manufactured and in what quantities

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Definitions:

Majority rule

A decision-making process where the option that receives more than half of the votes wins.

Arrow's Impossibility Theorem

A theory stating that no rank-order voting system can meet a set of reasonable fairness criteria simultaneously.

Difficulties

Challenges or situations that require effort to overcome.

Borda Count

A voting method that ranks options or candidates based on points assigned by voters' preferences rather than a single preference vote.