The Goal of ______ Is to Regulate Both the Flow

question 45

Multiple Choice

The goal of ______ is to regulate both the flow of work orders and work center capacities in order to achieve a steady flow of work with minimal load back-up.

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

Understand the concept and value of sweat equity in starting a business.

Recognize bootstrapping as a financial strategy for starting a business with minimal resources.

Identify crowdsourcing as a method for gathering information, ideas, or services from a large group of people.

Distinguish between different fundraising strategies, including bootstrapping, crowdfunding, and seeking formal investments.

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Definitions:

Real Income

Income of individuals or nations after adjusting for inflation, reflecting the true purchasing power.

Corn

A cereal plant that yields large kernels on a cob, widely grown for food, fodder, and ethanol production.

Set Point

The target value or condition that a control system aims to maintain through its outputs, such as a specific temperature in a heating system.