An Improvement Noted by Many Firms After Implementation of MRP

question 12

Multiple Choice

An improvement noted by many firms after implementation of MRP is which of the following?

• A)Increased idle time
• B)Quicker setup times
• C)Inability to change the master schedule
• D)Reduced inventory
• E)Improved product design-for-manufacture

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Definitions:

Supply of Labor

The total number of potential workers available to perform work in an economy, determined by factors like demographics, labor market conditions, and immigration policies.

Unions

Organizations that represent the collective interests of workers, bargaining with employers on their behalf for better wages, working conditions, and benefits.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects employees' rights to organize and to bargain collectively with their employers.

ESOPs

Employee Stock Ownership Plans, an employee-owner program that provides workers with an ownership interest in the company.