Question 16

Yield Management seeks to minimize yield or profit from time sensitive products and services.

True

False

Question 17

The material requirements plan (MRP) translates the Master Production Schedule into requirements for components, sub-assemblies, and raw materials.

True

False

Question 18

Material Requirements Planning (MRP) is useful for managing and scheduling Independent Demand items.

True

False

Question 19

Because they are concerned with production processes ERP systems do not typically encompass finance and accounting processes.

True

False