MATCHING Match the Letters in the Accompanying Figure with a Statement

question 13

Multiple Choice

MATCHING
Match the letters in the accompanying figure with a statement below.
Figure 4-2 The SAP ERP production planning process
-What is D?

• A)MRP
• B)Demand Management
• C)Purchasing
• D)Sales Forecasting
• E)Detailed Scheduling
• F)Starting Inventory
• G)Production
• H)Sales and Operations Planning

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Definitions:

Net Exports

The value of a country's total exports minus its total imports, representing the net amount of goods and services being traded with other countries.

GDP Deflator

An indicator used to determine the price levels of newly produced domestic final goods and services, assisting in the conversion of nominal GDP to real GDP.

Real GDP

Gross Domestic Product corrected for inflation, giving a truer depiction of the size of an economy and its growth trajectory over time.

Nominal GDP

The gross domestic product calculated at current market prices, without adjusting for inflation.