MRP Is a Technique That Helps Managers

question 1

Multiple Choice

MRP is a technique that helps managers

• A) develop a reliable sales forecast.
• B) schedule the sequence of tasks workers must perform in order to complete a project.
• C) determine how many workers are needed to staff various departments.
• D) make sure that the right parts and materials are available at the right time.

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Definitions:

Tangible Products

Physical items that can be touched, seen, and measured, such as electronics, clothing, and furniture.

Intangibles

Non-physical assets such as patents, copyrights, brand recognition, and goodwill that have value but are not physical objects.

Merchandise Trade Balance

The difference between a country's imports and exports of goods.

Tangible Products

Physical items that can be touched, seen, and usually measured, such as books, furniture, and food items.