The goal in a never-out list is to maximize inventory turnover

Under the replacement cost approach of appraisal, an appraiser is least interested in:

a. depreciation. b. the effective age of the property. c. the original cost to build. d. the value of the land.

Enterprise resource planning (ERP) takes MRP one step further because it ________

A) electronically tracks the status and quantity of each item in the system B) allows materials to be ordered only as they are needed C) performs inventory control and process scheduling for manufacturing D) integrates inventory control and process scheduling with a firm's finance, marketing, and HR functions E) undertakes a plan-do-check-act (PDCA) cycle