In Holland's Theory of Careers, People Are Encouraged to Choose

question 45

Multiple Choice

In Holland's theory of careers, people are encouraged to choose an occupation based on:

• A) how much income potential the job has
• B) how much income they believe they need to be happy
• C) whether their personality characteristics match the job's requirements
• D) how much education or training the job requires and how intelligent they are

Identify the necessary information for employing a dependent inventory demand model effectively.

Describe the part-period balancing technique in MRP and its purpose in lot sizing.

Discuss the integration of MRP and JIT systems and their mutual benefits.

Differentiate between gross and net requirements plans and their implications in MRP.

---

Definitions:

Plant and Equipment

Plant and equipment are tangible assets used in the production or supply of goods and services, such as machinery, vehicles, and buildings, necessary for business operations.

Accumulated Depreciation

Sum of all depreciation expenses allocated to a fixed asset since it first became operational.

Mortgage Payable

A liability account showing amount owed on a mortgage.

Liquidity

A measure of the ease with which an asset can be converted into cash without significant loss in value.