Which of the following is most closely related to the reason a firm might implement MRP?
A. So it can ensure that parts to arrive prior to when they are needed
B. To keep process costs between the LCL and the UCL
C. So it can order the right parts
D. To ensure appropriate quality levels
E. So it can order parts sufficient for immediate use
Answer: C
You might also like to view...
Salah's net income for the year ended December 31, Year 2 was $188,000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. At December 31Year 2Year 1Common Stock, $5 par value$503,000? $452,700? Paid-in capital in excess of par 951,000? 855,700? Retained earnings 691,000? 584,700?
A. $106,300. B. $95,300. C. $145,600. D. $81,700. E. $50,300.
An internal issue to be considered when setting a price is
A) whether there is a sole source or heavy competition. B) the life of the product or service. C) a price geared toward a minimum return on investment. D) whether there is seasonal demand or continual demand.
A(n) ________ is the internal charge by one organizational unit for a good or service that it supplies to another unit.
A. market control B. transfer price C. balanced scorecard D. outsource item E. bureaucratic control
The final step in the process for developing customer-defined standards is to:
A. Provide feedback about performance to customers B. Provide feedback about performance to employees C. Establish measures and target levels D. Periodically update target levels and measures E. Track measures against standards