The MRP Input Listing the Assemblies, Subassemblies, Parts, and Raw

question 34

Multiple Choice

The MRP input listing the assemblies, subassemblies, parts, and raw materials needed to produce one unit of finished product is the

• A)master production schedule.
• B)bill of materials.
• C)inventory records.
• D)assembly time chart.
• E)net requirements chart.

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Definitions:

Net Exports

The value of a country's total exports minus its total imports, reflecting the balance of trade.

Net Capital Outflow

The difference between the domestic country's sale of assets to foreigners and the domestic purchases of foreign assets, over a given period of time.

Euros

The official currency of the eurozone, used by 19 of the 27 European Union member countries, represented by the symbol €.

Nominal Exchange Rate

The current market price at which one currency can be exchanged for another.