Developing MRP Plans and Schedules by Assuming Infinite Capacity and On-Time,correct

question 98

Multiple Choice

Developing MRP plans and schedules by assuming infinite capacity and on-time,correct delivery of materials ordered by the suppliers is known as ______.

• A)assumption-based manufacture
• B)open loop MRP system
• C)CRP II
• D)batch manufacture

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Definitions:

Operating Expenses

Costs associated with the day-to-day activities of a business, excluding the cost of goods sold, such as rent, utilities, and salaries.

Budgeted Purchases

The estimated amount of goods or inventory a business plans to buy during a specific period.

Cash Paid

The total amount of money paid by a business or individual for goods, services, debts, or other financial obligations during a specific period.

Service Company

A business that provides intangible products or services to customers rather than physical goods.