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:

Cognitive Conflict

A situation arising from the encounter of differing viewpoints or information, leading to a reevaluation of existing beliefs or knowledge.

Equilibration

The process in cognitive development described by Piaget where children balance assimilation and accommodation to create stable understanding.

Disequilibrium

Disequilibrium refers to a state of imbalance or lack of equilibrium, often used in contexts ranging from physical stability to economic conditions.

Accommodation

In cognitive development, the process of altering one's existing schemas or ways of thinking in response to new information.