A Performance Report Summarizes Performance and Compares It with Performance

question 63

True/False

A performance report summarizes performance and compares it with performance standards.

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Definitions:

Master Production Schedule

A plan for the production of finished goods that drives material requirements planning, detailing quantities and the timing of production.

Capacity

The maximum level of output that a system, facility, or organization can produce or handle under normal operating conditions.

Material Requirements Planning

A production planning, scheduling, and inventory control system used to manage manufacturing processes efficiently.

Master Production Schedule

A detailed plan that outlines what a manufacturing facility will produce, in what quantities, and when, to meet anticipated demand.