Which Statement Concerning MRP II Is False

question 17

Multiple Choice

Which statement concerning MRP II is false?

• A) It is basically a computerized system.
• B) It can handle complex planning and scheduling quickly.
• C) It involves other functional areas in the production planning process.
• D) It involves capacity planning.
• E) It produces a production plan which includes all resources required.

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Definitions:

Temporary Assistance

Financial aid provided on a short-term basis to individuals or families in need, often aimed at supporting basic needs like food, shelter, and healthcare.

Insurance Payment

A payment made to an insurance company which provides compensation for loss, damage, illness, or death in return for payment of a specified premium.

Circular-Flow Model

A diagram that visualizes the economy as consisting of households and firms interacting in the goods and services markets, and labor markets, showing how money flows through the economy.

Resource Market

A market in which households sell and firms buy resources or the services of resources.