What Is the Main Difference Between MRP-II and JIT Manufacturing

question 83

Multiple Choice

What is the main difference between MRP-II and JIT manufacturing systems?

• A)The length of the planning horizon
• B)JIT uses long-term customer demand for planning purposes,but MRP-II uses short-term customer demand for planning purposes.
• C)MRP-II relies on EDI,but JIT does not.
• D)There are no significant differences between MRP-II and JIT.

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Definitions:

Remeasurement Gains And Losses

Gains or losses that result from the process of converting the financial statements of a foreign operation into the presentation currency or functional currency.

Unrealized Gains

Gains on investments that have increased in value but have not yet been sold and thus not turned into cash.

Statement

A general term for any kind of financial report or declaration made by a company or an individual.

Public Sector Accounting Board

A body responsible for setting accounting standards for governmental and other public sector entities.