The Master Data Elements in Material Planning Are

question 78

Multiple Choice

The master data elements in material planning are:

• A)Material masters,product types,storage location,vendors.
• B)Product routings,bills of material,material masters,product groups.
• C)Product types,product routings,material masters,product groups.
• D)Product routings,product types,material masters,customers.
• E)Material masters,storage location,product groups,product routings.

---

Definitions:

Spot Price

Spot Price is the current market price at which a particular asset, such as commodities, securities, or currencies, can be bought or sold for immediate delivery.

Futures Contract

A formalized agreement that obligates the purchase or sale of a specific commodity or asset at an agreed-upon price at a future date.

Forward Contract

A non-standardized agreement to buy or sell an asset at a future date for a price agreed upon today.

Daily Resettlement

The process in futures trading where the gains or losses of the day are calculated, and accounts are adjusted accordingly to reflect the market value.