By Generating Accurate Forecasts of Demand,time-Phased Delivery Schedules Can Be

question 97

Multiple Choice

By generating accurate forecasts of demand,time-phased delivery schedules can be developed.This is the underlying idea behind the ______ system.

• A)manufacturing resource planning (MRP)
• B)manufacturing resource planning (MRP II)
• C)enterprise resource planning (ERP)
• D)distribution requirements planning (DRP)

---

Definitions:

Annual Rate Of Growth

The percentage increase in the size or value of something over a one-year period.

Rate Of Growth

The speed at which a variable, such as an economy, company's sales, or an investment, increases over a certain period of time.

Compounded Monthly

The method of computing interest that includes both the original amount and the interest earned in past months, applied each month.

Compounded Annually

The process where interest is calculated once per year and added to the principal, affecting future interest calculations.