The Three Key Parts of Material Requirement Planning (MRP) Are________

question 21

Multiple Choice

The three key parts of material requirement planning (MRP) are________ .

• A) aggregate inventory, suppliers' invoices, and bills of laden
• B) inventory records, trend analyses, and production schedules
• C) the master production schedule, the bill of materials, and inventory records
• D) suppliers' invoices, distribution schedules, and inventory records
• E) inventory turnovers, master production schedules, and storage space

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Definitions:

Purchases

The acquisition of goods or services in exchange for monetary payment in the course of business operations.

Outstanding Shares

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Corporation

A legal entity owned by shareholders, with the characteristic of limited liability, and capable of owning assets, suing or being sued.

Charter

A charter is a legal document that establishes a corporation or municipality and defines its rights, privileges, and purposes.