Identify a key feature associated with materials requirements planning
A) determining economic order quantity for all materials
B) minimizing or eliminating carrying and stockout costs
C) determining the optimal reorder points for all materials
D) reducing required inventory levels by scheduling production, rather than estimating needs
Answer: D
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Which of the following statements is true of an express warranty?
a. ?It gives the impression of environmental friendliness to a product. b. It ranges from simple statements to extensive documents written in technical language.? c. ?It is an unwritten guarantee that a good or service is fit for the purpose for which it is sold. d. ?It prohibits other firms from using a brand or part of a brand without permission.
The prime market for lower-income countries that are trying to raise their living standards through exports is ________
A) the United States B) Japan C) Germany D) China