If the explosion of the bill of material tells MRP how much of each part is needed, how does MRP learn when each of these parts is needed?

What will be an ideal response?

Timing is established with the time-phased product structure, which turns a bill of material on its side and adds lead times for each component. Each component is then offset to accommodate lead times.

Business

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Which question should you NOT ask yourself when considering the ethics of a business situation?

a. Is the action legal? b. Does the action violate professional standards? c. Who is affected by the action? d. Can I get away with this action?

Business

________ refers to the effects that fixed costs have on the returns that shareholders earn

A) Purchase power parity B) Leverage C) Business risk D) Pecking order theory

Business