The Primary Output of an MRP System Is a Time-Phased

question 36

Multiple Choice

The primary output of an MRP system is a time-phased report that gives all of the following except

• A)The facilities managers a detailed schedule for acquiring additional factory space
• B)The accounting and financial functions production information that drives cash flow, budgets, and financial needs
• C)The production managers a detailed schedule for manufacturing the product and controlling manufacturing inventories
• D)The purchasing department a schedule for obtaining raw material and purchased items

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Foreclose

The legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

Consideration

The value (such as money, goods, or services) that is exchanged between parties in a contract.

Contractual Obligation

A duty or commitment that a party is bound to fulfill as per the terms of a contract.