Average Comparative Ratio = _____

question 28

Multiple Choice

Average comparative ratio = _____.

• A) the average of the comparative ratio for each employee divided by the number of employees
• B) the total of the comparative ratio of all employees divided by the number of employees
• C) the number of employees divided by the average of the comparative ratio for each employee
• D) the number of employees divided by the total of the comparative ratio for each employee

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Definitions:

MRP Tables

Tables utilized in Material Requirements Planning that detail the schedule of components needed, their quantities, and the timing for manufacturing or assembly processes.

Bill of Material

A comprehensive list detailing all the raw materials, parts, components, and assemblies needed to produce one unit of a product.

Lot-For-Lot

A production and inventory control strategy that matches the order quantity exactly with the demand, without carrying any excess inventory.

Gross Requirements

The total amount of materials or components necessary to produce a product before accounting for any existing inventory.