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Definition of Aggregate planning
A budgeting process using summary-level information to
Financial planning conducted by a firm that encompasses preparation of both
The process of evaluating the investing and financing options available to a firm. It
Arrangement used to finance inventory. A finance company buys the inventory, which is then
Computer-based systems that plan backward from the production schedule
The length of time a model projects into the future.
A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres.
a packaged software program that allows a company to
a fully integrated materials requirement planning system that involves
a computerbased information system that simulates the ordering and
the process of creating the goals and objectives for
the process of developing a statement of
the process of determining the specific
An expansion of the material requirements planning concept, with additional computer-based capabilities in the areas of
A computer-driven production methodology
Time horizon for a financial plan.
Total quantity of goods and services demanded.
Aggregate Demand Curve
Combinations of the price level and income for which the goods and services market is in equilibrium, or for which both the goods and services market and the money market are in equilibrium.
Aggregate Expenditure Curve
aggregate demand for goods and services drawn as a function of the level of national income.
Aggregate Production Function
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
Total quantity of goods and services supplied.
Aggregate Supply Curve
Combinations of price level and income for which the labor market is in equilibrium. The short-run aggregate supply curve incorporates information and price/wage inflexibilities in the labor market, whereas the long-run aggregate supply curve does not.
Any measure of the economy's money supply.
Enterprise resource planning system
A computer system used to manage all company
Manufacturing resource planning
An integrated, computerized system for planning
Material requirements planning
A computerized system used to calculate material
An insurance program designed to provide funds for insured's dependents upon death of the insured, and to also conserve, as much as possible, the personal assets that the insured wants to bequeath to heirs.
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