Which of the Following Statements About the MRP List Are

question 62

Multiple Choice

Which of the following statements about the MRP list are TRUE?

• A)It displays static data.
• B)It highlights changes to MRP elements.
• C)It is the most important reporting tool.
• D)The MRP controller is the only one authorized to generate it.
• E)It displays MRP elements.

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Definitions:

Accounts Receivable

Funds that a company's customers have not yet remitted for products or services that have been provided.

Subsidiary Ledger

A detailed ledger containing the individual accounts that make up a controlling account in the general ledger.

Purchases Journal

The journal in which all items purchased on account are recorded.

Supplies

Items used in the operation of a business that are typically consumed or expendable, such as office supplies or maintenance materials.