Aggregate Planning Differs from Scheduling in That

question 17

Multiple Choice

Aggregate planning differs from scheduling in that

• A) the former refers to the long range and the latter refers to the short range.
• B) the former is concerned with allocating available resources and the latter with the acquisition of resources.
• C) the former refers to the long range and the latter refers to the medium range.
• D) the former is concerned with the acquisition of resources and the latter with allocating available resources.

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Definitions:

European Economic Community

A regional organization aimed at achieving economic integration among its member countries, precursor to the European Union.

Production Planning

Phase of production control that determines the amount of resources (including raw materials and other components) a firm needs in order to produce a certain output.

Resources Needed

Refers to the essential inputs or supplies required to operate a business, execute a project, or achieve an organizational goal.