What are the differences and similarities among material requirements planning, manufacturing resource planning, and enterprise resource planning systems?
What will be an ideal response?
The materials requirement planning (MRP) system can be considered a subset of the manufacturing resource planning (MRP II) system, containing all of the production-related capabilities without the tie-in to the company's financial and other core and supporting process systems. The MRP II system could be considered a subset of an enterprise resource planning (ERP) system, containing everything an ERP system has without the single source of data, streamlined data flows, and availability of a wealth of real-time information for all employees.
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Explain the causes of illegal and unethical behavior
A criticism of the stakeholder interest theory of the social responsibility of business is that it is
often impossible to determine how the interests of the different stakeholders should be balanced. Indicate whether the statement is true or false
Myers Landscaping Corporation performs lawn mowing services for its customers. Payments for the current month's services are expected to be received next month. How does this transaction affect the accounting equation of Myers Landscaping?
A) liabilities increase and equity decreases B) assets and equity increase C) assets and equity decrease D) liabilities and equity increase
Identify and give the basic characteristics of each of the following specialized types of corporations
a. Professional corporations b. Public corporations c. Nonprofit corporations