Which of the Following Is the Planned-Order Release Using an MRP

question 30

Multiple Choice

Which of the following is the planned-order release using an MRP program if the gross requirement is 5,000, inventory on hand is 1,200, and planned receipts are 800?

• A) 7,000
• B) 4,200
• C) 3,000
• D) 2,000
• E) 1,200

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Definitions:

Elasticity Coefficient

A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.

Price Range

The spectrum of prices at which a particular good or service is sold, varying from the lowest to the highest amounts customers are asked to pay.

Inelastic Demand

A situation where the demand for a product does not significantly change in response to changes in its price.

Business Travel

The act of traveling for the purpose of conducting business-related activities.