Very Simple Products Typically Do Not Require Material Requirements Planning

question 11

True/False

Very simple products typically do not require material requirements planning (MRP)to plan production or monitor inventory levels.

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Definitions:

Subjective Approach

A method of decision making or analysis that is based on personal judgment, opinions, or preferences rather than objective data.

Simple Event

An event consisting of only one outcome in a probability experiment.

Sample Space

The set of all possible outcomes of a random experiment or event.

At Least 3

A criterion stating that a condition or quantity should be three or more, not less.