Which of the Following Best Describes a Gross Material Requirements

question 105

Multiple Choice

Which of the following best describes a gross material requirements plan?

• A) a schedule that shows total demand for an item, and when it must be ordered from a supplier or when production must be started
• B) an intermediate range plan for the scheduling of families of products
• C) a chart illustrating whether capacity has been exceeded
• D) a table that corrects scheduled quantities for inventory on hand
• E) a schedule showing which products are to be manufactured and in what quantities

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Definitions:

Outstanding Cheques

Checks that have been written and recorded in the issuing account but have not yet been cashed or deposited by the recipient.

Balance Per Bank

Balance per bank refers to the amount of money a business has in its bank account, as recorded by the bank, before reconciling any discrepancies with the company's records.

Safeguarded

refers to measures or actions taken to protect something from harm, loss, or unauthorized access.

Bank Service Charge

Fees charged by banks for account services provided, including monthly maintenance, transactions exceeding a certain limit, or ATM usage outside the network.