Which of the Following Statements About MRP II Is TRUE

question 22

Multiple Choice

Which of the following statements about MRP II is TRUE?

• A) It is computationally faster than regular MRP.
• B) It is limited only to aiding order-launching decisions.
• C) It incorporates informal systems through the use of expert systems technology.
• D) It provides more extensive information than MRP because it is tied to the company's financial system.

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Definitions:

Price Elasticity

A measure of how the quantity demanded or supplied of a good changes in response to a change in its price.

Substitutes

Goods or services that can be used in place of each other, fulfilling similar needs or desires.

Price Elasticity

An indication of the extent to which the demand or supply of a product alters following a variation in its price.