Which One of the Following Is Not an Input in an MRP

question 12

Multiple Choice

Which one of the following is not an input in an MRP system?

• A)planned-order schedules
• B)bill of materials
• C)master production schedule
• D)inventory records
• E)All are inputs.

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Definitions:

Liability Account

An accounting record that reports the amounts a company owes to creditors and other parties, often categorized as current or long-term.

Owner's Equity Account

Represents the total amount of capital the owner has in a business after liabilities have been subtracted from assets.

Transaction

An agreement or exchange between two parties that involves the sale, purchase, or trade of goods, services, or financial assets.

T-Account

A visual representation of a general ledger account that helps in understanding the effects of transactions on account balances.