Which of the following reports can be used to track problems and evaluate MRP system performance?
A. performance control reports
B. exception reports
C. MRP execution reports
D. MRP planning reports
A. performance control reports
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All of the following statements regarding inventory shrinkage are true except:
A. Inventory shrinkage can be caused by theft or deterioration. B. Inventory shrinkage is recognized by debiting an operating expense. C. Inventory shrinkage is recognized by debiting Cost of Goods Sold. D. Inventory shrinkage refers to the loss of inventory. E. Inventory shrinkage is determined by comparing a physical count of inventory with recorded inventory amounts.
To select compensable factors, an organization:
A. conducts a gap analysis B. interviews all staff to determine what is important to them C. asks what it is about the work that adds value D. requires that all staff conduct a self-evaluation E. completes a cultural assessment
Meeting the needs of the present without compromising the ability of future generations to meet their needs is known as corporate social responsibility
Indicate whether the statement is true or false
Data for a particular subdivision near downtown Houston indicate that the average price per square foot for a home is $100 with a standard deviation of $5 (normally distributed)
What is the probability that the average price per square foot for a home is greater than $110? A) 0 B) 0.023 C) 0.841 D) 0.977 E) None of the above