MRP Systems Seek to Achieve Which of the Following

question 68

Multiple Choice

MRP systems seek to achieve which of the following?

• A) Minimize lot sizes.
• B) Determine the number of dependent demand items needed.
• C) Relieve capacity bottlenecks.
• D) Provide a yardstick for future improvements.
• E) Improve on JIT methods.

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Definitions:

Living Standards

The degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Newly Industrializing Countries

Countries that are transitioning from primarily agricultural to primarily industrial sector economies, experiencing rapid economic growth and development.

Less Developed Countries

Nations with a lower level of income, industrialization, and modernization compared to more developed countries.

Productivity

A measure of the efficiency of production, often calculated as the ratio of outputs to inputs in a given time period.