The Planning Process That Integrates Production, Purchasing, and Inventory Management

question 51

Multiple Choice

The planning process that integrates production, purchasing, and inventory management of interdependent items is called _________.

• A) ERP
• B) MRP
• C) MRP II
• D) SCM

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Definitions:

Financing Activities

Transactions involving obtaining or repaying capital and funds used to finance the company's operations and expansions.

Issuance

The process of making securities available for sale to the public or the act of issuing new shares of stock by a company.

Cash Flows

The total amount of money being transferred into and out of a business, especially as it affects liquidity.

Investing Activities

Financial transactions involving the purchase or sale of long-term assets and investments, a component of cash flow statements.