Answer the following statement(s) true (T) or false (F)
1. An acceptable way to increase capacity is by reducing quality requirements.
2. One of the limitations of CRP systems is that it is useful only for products involving continuous processing such as in oil refineries.
3. MRP II has quickly replaced CRP.
4. When MRP II was introduced, it did not have any provision for feedback.
1. False
2. False
3. False
4. True
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The three primary inventory accounts in a manufacturing company are
a. Merchandise Inventory, Supplies Inventory, and Finished Goods Inventory. b. Merchandise Inventory, Work in Process Inventory, and Finished Goods Inventory. c. Supplies Inventory, Work in Process Inventory, and Finished Goods Inventory. d. Raw Material Inventory, Work in Process Inventory, and Finished Goods Inventory.
Most publicly traded firms operate as corporations. Which of the following is/are not true?
a. If the corporation becomes insolvent, creditors can claim only the assets of the corporate entity and cannot claim the assets of the individual owners. b. To settle debts of general partnerships, creditors have a claim on the owners' business and personal assets. c. To settle debts of sole proprietorships, creditors have a claim on the owners' business and personal assets. . d. In recent years, many partnerships and sole proprietorships have become limited liability companies (LLCs), or limited liability partnerships (LLPs), to limit their owners' personal liability for business debts and other obligations. e. none of the above
Which of the following factors resulted in the federal regulation of securities in Congress?
A) corporations playing off one state against another by limiting their securities sales to states that had less stringent regulations B) corporations' ability to thwart state efforts at regulation rather easily C) securities being easily manipulated by issuers D) the collapse of the stock market in 1929
A business's source documents may include all of the following except:
A. Purchase orders. B. Bank statements. C. Sales tickets. D. Checks. E. Ledgers.