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:

Condition Precedent

In a contract, an event that must occur for a party’s duty to arise.

Condition Subsequent

In a contract, a future event that terminates the obligations of the parties when it occurs.

Recurrent Conditions

Medical issues or diseases that return repeatedly, even after treatment.

Quasi-Contract

A court-imposed contractual obligation to prevent unjust enrichment.