Identify a Key Feature Associated with Materials Requirements Planning

question 28

Multiple Choice

Identify a key feature associated with materials requirements planning.

• A)determining economic order quantity for all materials
• B)minimizing or eliminating carrying and stockout costs
• C)determining the optimal reorder points for all materials
• D)reducing required inventory levels by scheduling production,rather than estimating needs

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Definitions:

Compounded Semi-annually

This refers to the process of calculating interest on an investment or loan, with the interest being added to the principal balance twice a year, typically every six months.

Strip Bond

A bond where both the principal and regular interest payments have been separated and are sold individually.

Yield Rate

The rate of return on an investment over a specified period, expressed as a percentage, considering both interest and dividends.

Compounded Semi-annually

When interest is compounded semi-annually, it is calculated and added to the principal amount twice a year.