Which of the Following Statements Regarding MRP in Services Is

question 97

Multiple Choice

Which of the following statements regarding MRP in services is TRUE?

• A) MRP is for manufacturing only, and it is not applicable to services.
• B) MRP can be used in services, but only in those that offer very limited customization.
• C) MRP only works in services for demand that is independent.
• D) Services such as restaurant meals illustrate dependent demand, and they require product structure trees, bills-of-material, and scheduling.
• E) None of these is true.

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Definitions:

Liable for Payment

Being legally responsible for the settlement of a debt or financial obligation, typically as a consequence of a contract or law.

Consent

The voluntary agreement to or approval of what is done or proposed by another; can be given explicitly or implicitly.

Assign a Mortgage

The transfer of a mortgage from one party to another, changing the lender or creditor while the borrower remains the same.

Partial Discharges

The release or forgiveness of a portion of a debt or obligation, without fully extinguishing the entire obligation.