A Process That Enables a Company to Analyze the Capabilities

question 62

Multiple Choice

A process that enables a company to analyze the capabilities of its operation system to determine whether the company has enough capacity to meet a proposed production schedule for a specified time frame is ______.

• A)material resource planning (MRP)
• B)capacity requirements planning (CRP)
• C)distribution requirements planning (DRP)
• D)enterprise resource planning (ERP)

Comprehend the concept of lead times and their impacts on the scheduling of production and procurement.

Recognize the key components and inputs necessary for a gross material requirements plan.

Learn to calculate net requirements for components based on inventory levels and product demand.

Identify the significance of accurately determining time-phased schedules in MRP.

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Definitions:

Pre-bonus Income

The total revenue or profit earned by an individual or entity before any bonuses are issued or calculated.

Partnership Income

The earnings distributed to partners of a partnership based on the terms of the partnership agreement.

Equal Division

The process of dividing something into parts or portions that are as nearly equal as possible.

LLP

Limited Liability Partnership, a partnership in which some or all partners have limited liabilities, protecting personal assets from debts and liabilities of the partnership.