Which of the following criteria is used to judge MPS?

• A.Cost
• B.Resource use
• C.Customer service
• D.All of these

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Something that has value and is expected to benefit the future operation of the business is known as:

• A.Sales
• B.Business Plan
• C.Asset
• D.Revenues

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ERP systems:

• A.Having large scope allows the tracking of orders and other important planning and control information throughout the entire company from procurement to ultimate customer delivery
• B.Both of these
• C.None of these
• D.Capable of allowing managers to share data between firms

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The Economic-order quantity will increase as the annual demand and the cost of ordering decrease, and it will decrease as the cost of carrying inventory and the unit cost increase.

• A.True
• B.False

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When in a given period, actual demand will vary about the average demand, this is called:

• A.Fixed variation
• B.Random variation
• C.Possible average variation
• D.Forecast variation

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