The Development and Application of MRP Depended Upon Two Developments

question 65

Multiple Choice

The development and application of MRP depended upon two developments: (1) the recognition of the difference between independent and dependent demand, and (2) :

• A) computers.
• B) development of the EOQ model.
• C) inventory control systems.
• D) blanket purchase orders.
• E) the Internet.

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Definitions:

Successful Teams

Groups of individuals working together effectively to achieve shared goals, characterized by collaboration, mutual respect, and strong leadership.

Enthusiasm

Keen and passionate excitement, enthusiasm, or admiration.

Timely Decisions

Making decisions or choices at the right time, without unnecessary delay, allowing for effective action and response to opportunities or challenges.

Group Success

The achievement of goals or objectives by a group or team through collaborative efforts, cooperation, and collective skills and abilities.