Which of the Following Options Represents Categories of Consumption-Based Planning

question 17

Multiple Choice

Which of the following options represents categories of consumption-based planning?

• A)Materials-requirement planning,time-phased planning,reorder-point planning
• B)Master production scheduling,MRP,forecast-based planning
• C)MRP,forecast-based planning,master production scheduling
• D)Forecast-based planning,time-phased planning,reorder-point planning
• E)None of the above

---

Definitions:

Income Distribution

The way in which a nation's total earnings are divided among its population.

Marginal Revenue Product

The extra income created by using an additional unit of a production resource or input.

Price of Labor

The wages or compensation workers receive in exchange for their labor, determined by various factors including skill level, demand, and economic conditions.

Elasticity of Demand

The quantification of the relationship between a good's price and its demand levels.