Which of the Following Is the Net Requirement Using an MRP

question 7

Multiple Choice

Which of the following is the net requirement using an MRP program if the gross requirement is 1,250 and the inventory on hand is 50?

• A)1,200
• B)1,300
• C)1,150
• D)2,450
• E)None of these

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Definitions:

Authority to Sell

The legal power granted, usually to an agent, to transfer the ownership of property from the seller to the buyer.

Computerized Checkout

A system used in retail stores for completing sales transactions electronically, typically involving scanning items and automatic calculation of total price.

Contract with Wholesalers

An agreement between a producer and entities that buy products in bulk, intending to distribute them further.

Undisclosed Principal

In an agency relationship, a principal whose identity is not revealed to the third party by the agent.