Which One of the Following Is Not an Input in an MRP

question 12

Multiple Choice

Which one of the following is not an input in an MRP system?

• A)planned-order schedules
• B)bill of materials
• C)master production schedule
• D)inventory records
• E)All are inputs.

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Definitions:

Market Entry

The strategy or process by which a company enters a new market or industry, which can include establishing new operations or acquiring an existing business.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from trade.

Mandated Price

A price set by legislation or regulatory authority, not determined by market forces, usually to protect consumers or ensure fair competition.

Surplus Change

A variation in the surplus amount, which can result from changes in market conditions or policies affecting supply and demand.