Which of the Following Statements Regarding MRP in Services Is

question 133

Multiple Choice

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

• A) MRP is for manufacturing only, and is not applicable to services.
• B) MRP can be used in services, but only those that offer very limited customization.
• C) MRP does not work in services because there is no dependent demand.
• D) Services such as restaurant meals illustrate dependent demand, and require product structure trees, bills-of-material, and scheduling.
• E) None of the above is true.

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Definitions:

Significance

The likelihood that an observed difference or relationship in data did not occur by chance, often measured through statistical tests.

Regression

A statistical method used to examine the relationship between a dependent variable and one or more independent variables.

Residuals

The differences between observed values and the values predicted by a statistical model, indicating the accuracy of the model's predictions.

Statistical Significance

Refers to the likelihood that a relationship between two or more variables is caused by something other than random chance.