What Is a Key Feature of Materials Requirements Planning (MRP)

question 104

Multiple Choice

What is a key feature of materials requirements planning (MRP) ?

• A)minimize or entirely eliminate carrying and stockout costs
• B)reduce required inventory levels by scheduling production rather than estimating needs
• C)determine the optimal reorder point
• D)determine the optimal order size

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Definitions:

Free Will

The concept that human beings have the power to make choices that are not determined by natural or divine forces.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Esteem Needs

According to Maslow's hierarchy of needs, these are the needs for self-esteem, strength, competence, mastery, self-confidence, independence, and freedom.

Higher Needs

Refers to the more advanced stages in Maslow's hierarchy of needs, including esteem and self-actualization needs, beyond basic physiological and safety needs.