MRP II Is Accurately Described As

question 94

Multiple Choice

MRP II is accurately described as:

• A) MRP software designed for services.
• B) MRP with a new set of computer programs that execute on microcomputers.
• C) material resource planning.
• D) an enhancement of MRP that plans for all levels of the supply chain.
• E) a new generation of MRP software that extends MRP to planning and scheduling functions.

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Definitions:

Held-to-Maturity Debt Securities

Debt investments that a company has the positive intent and ability to hold until their maturity dates, typically reported at amortized cost.

Fair Value Method

An accounting approach where assets and liabilities are reported at their prices that would be received to sell an asset or paid to transfer a liability.

Cost Method

An accounting method where investments are recorded at their acquisition cost without considering market value changes unless a permanent decline in value has occurred.

Amortization

The process of gradually writing off the initial cost of an intangible asset over a period.