The time-phased plan specifying how many and when the firm plans to build each end item is called the materials requirements plan (MRP.)
Answer the following statement true (T) or false (F)
False
The master production schedule (MPS) is the time-phased plan specifying how many and when the firm plans to build each end item.
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What will be an ideal response?
Mark wants to make sure he does not run out of cash so he is preparing a monthly cash budget. After determining the percentage of cash collections by month, he should
A. estimate the amount and timing of cash disbursements. B. calculate cash flow from operations. C. determine the end-of-month cash balance. D. determine beginning-of-the-month cash balance.
Which of the following is not an advantage of written and implied policies? a. Policies are a means for executive management to communicate its leadership and views
b. Policies provide a framework for consistent decision making and action. c. Policies are very easy to communicate throughout an organization. d. Policies help ensure that personnel act in a manner consistent with executive or functional management's expectations. e. High level policy statements provide guidance that to employees at all levels.