Which of the Following Is Not Usually Necessary in Order

question 24

Multiple Choice

Which of the following is not usually necessary in order to have an effective MRP system?

• A)a computer and software
• B)an accurate bill of materials
• C)lot-for-lot ordering
• D)an up-to-date master schedule
• E)integrity of file data

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Definitions:

Screen Printing

A printing technique where a mesh is used to transfer ink onto a substrate, except in areas made impermeable to the ink by a blocking stencil.

Break-even Point

The point at which total costs and total revenue are equal, resulting in no net gain or loss for a business.

Contribution Margin

Contribution margin is the amount of revenue remaining after deducting the variable costs of producing a product, indicating how much contributes to covering fixed costs and generating profit.

Variable Costs

Costs that fluctuate based on the level of a business’s activity.