True or false?The nature of the business determines the frequency of MRP which can either be daily, weekly, or biweekly. An organization can either use Make to Stock (MTS) where production runs are made as per forecast or Make to Order (MTO) where production runs are made as per orders received. MTO scenario has lots of variations, hence an organization should run MRP on a daily basis. On the other hand, MTS has fewer variations, therefore, an organization should run MRP or a weekly or biweekly basis.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.