Conventional MRP Uses Time Buckets That Do Not Recognize Capacity

question 70

Multiple Choice

Conventional MRP uses time buckets that do not recognize capacity limits, and in fact ignores capacity issues. A more realistic scheduling system that includes work center capacities and other resource availabilities is

• A) aggregate planning
• B) the master production schedule
• C) finite capacity scheduling
• D) the assignment method
• E) level material use

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Definitions:

Warranty Deed

A document that guarantees the seller holds clear title to a piece of real estate and has a right to sell it to the buyer.

Defects in Title

A legal issue where the seller of a property does not have the legal right to transfer ownership, or there are claims or liens against the property that affect its transfer or value.

Foreclosure Action

A legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as collateral.

Title to Land

The legal right to own, use, and control land and its resources.