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:

Dividends

Distributions of earnings to stockholders; an account representing the distribution of a corporation’s earnings to stockholders.

Dividend Yield

A financial ratio that measures the dividend paid to shareholders relative to the market value per share, indicating the earnings from investment in stocks.

Market Price

The present rate at which a product or service can be purchased or sold in the market.

Fair Value Accounting

A financial accounting approach where assets and liabilities are recorded and reported at their current market value.