Aggregate Planning Requires Which of the Following Information

question 3

Multiple Choice

Aggregate planning requires which of the following information?
(I) a forecast of expected demand(II) current levels of inventory(III) policies regarding employment levels

• A)II only
• B)I and II only
• C)I and III only
• D)I, II, and III
• E)II and III only

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Definitions:

Division of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Mass Production

The manufacture of large quantities of standardized products, often using assembly line or automation technologies.

Production Possibilities

The different quantities of goods and services an economy can produce when all its resources are fully and efficiently utilized.

Opportunity Cost

The expense incurred by not choosing the second-best option available during decision-making.