In the Mid-1970s, MRPII Was Developed

question 31

Multiple Choice

In the mid-1970s, MRPII was developed. One of its major components is:

• A) leadership
• B) inventory management
• C) operations execution
• D) strategic management
• E) marketing

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed in the business cycle within one year.

Current Liabilities

Short-term financial obligations due within one year or less, typically including accounts payable, short-term loans, and other similar liabilities.

Obligations

The responsibilities or liabilities a company has, typically financial in nature, that it is required to pay to others.

Liquidity

The ability to change an asset into cash easily without affecting its market price.