Which of the following is most closely related to the reason a firm might implement MRP?
A. So it can order parts sufficient for immediate use
B. To ensure appropriate quality levels
C. So it can order the right parts
D. So it can ensure that parts to arrive prior to when they are needed
E. To keep process costs between the LCL and the UCL
Answer: C
You might also like to view...
In the main store control organization, the main store and branch unit organizations are decentralized
Indicate whether the statement is true or false
Which of the following statements is false regarding process costing?
A) Units that are partially complete can be expressed in terms of equivalent units. B) Only one work-in-process account is allowed. C) The products produced by a certain process are all identical. D) The use of a predetermined overhead rate is allowed.
NIMBYs are: A)?A form of general zoning plans
B)?Exceptions to the zoning plans. C)?Landowners who object to the location of businesses or projects near their properties. D)?None of the above
Which of the following is true of the historical simulation method for calculating VaR?
A. It fits historical data on the behavior of variables to a normal distribution B. It fits historical data on the behavior of variables to a lognormal distribution C. It assumes that what will happen in the future is a random sample from what has happened in the past D. It uses Monte Carlo simulation to create random future scenarios