Which of the Following Statements Is True About Open Loop

question 44

Multiple Choice

Which of the following statements is true about open loop MRP systems?

• A)There are provisions for feedback.
• B)Plans and schedules are developed assuming finite capacity.
• C)Plans and schedules are developed assuming on-time,correct delivery of materials ordered by suppliers.
• D)Schedules are maintained by adjusting production plans when changes in demand occurred.

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Definitions:

Inverse Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity demanded, illustrating how the demand for a product changes as its price increases or decreases.

Equation

A mathematical statement that asserts the equality of two expressions.

Straight Line

In economics, often represents a simple linear relationship in models, such as the budget constraint in consumer theory.

Substitute Goods

Products or services that can be used in place of each other, affecting demand when the price of one changes.