Which of the Following Is NOT One of the Four

question 51

Multiple Choice

Which of the following is NOT one of the four things needed for aggregate planning?

• A) a logical overall unit for measuring sales and output
• B) a method to determine the relevant costs
• C) a mathematical model that will minimize costs over the intermediate planning period
• D) an aggregate demand forecast for an intermediate planning period
• E) All of these are needed for aggregate planning.

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Definitions:

Perpetual Inventory System

An inventory management accounting method that instantly documents transactions of buying or selling inventory via computerized point-of-sale systems and enterprise asset management applications.

Merchandise Inventory

The total cost of all goods that are available for sale during a certain period, including purchases and adjustments for returns or damages.

Inventory On Hand

Refers to the total amount of items or products available in stock by a business at any given time.

Debit Memo

A document issued by a buyer to a seller indicating a reduction of the amount due to the seller, often due to returned goods or discrepancy in billing.