A Bill of Materials

question 25

Multiple Choice

A bill of materials

• A) is a structured list of all the materials or parts needed to produce one unit of a finished product.
• B) is rarely revised once established.
• C) will lead to sufficient MRP system performance as long as the "threshold degree" of accuracy of approximately 75% is met.
• D) is used as an input for dispatching decisions on the shop floor.

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Definitions:

Monthly Withdrawals

Regular amounts taken out from an account or investment every month.

Initial Investment

The amount of money used to start a venture or project.

Tax-deferred

Pertaining to investments, savings, or accounts that allow earnings to accrue without being subject to immediate tax until a later date.

Annuity

An annuity is a financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.