In an REA Diagram for the HR/Payroll Cycle,the Relationship Between

question 58

Multiple Choice

In an REA diagram for the HR/Payroll cycle,the relationship between Employees and Training is typicallty M:N for all except which of the following reasons?

• A) One employee may attend the same training event more than once.
• B) Each employee may attend more than one training event.
• C) Each training event may have more than one employee attend.
• D) One training event may be offered more than once.

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Definitions:

MRO Inventories

MRO Inventories refer to stocks of Maintenance, Repair, and Operations supplies that are kept on hand to support the production process and facility operations.

ABC Inventory Analysis

A technique that categorizes inventory items into three classes (A, B, and C) based on their importance and value to the organization, to prioritize management and control efforts.

ABC Analysis

is an inventory categorization technique that divides items into three categories (A, B, and C) based on their importance or value, helping to prioritize management and resource allocation.

Economic Order Quantity Model

A mathematical model that determines the optimal order size that minimizes the total cost of holding and ordering inventory.