Final answer:
The statement that the master production schedule outlines what items will be produced, along with the timing and quantity, is true. It is essential for efficient production and coordination within manufacturing.
Step-by-step explanation:
The statement that the master production schedule (MPS) states which items are to be produced, in addition to when and how many is true. The MPS is a detailed plan that outlines the production activities, quantities, and timing for specific products. It is a critical component in the manufacturing process as it helps to coordinate production, inventory, and purchasing decisions. An efficient MPS can lead to improved efficiency and lower costs. With the introduction of improved technology and resources, organizations are susceptible to see a new Production Possibilities Frontier (PPF) that can allow for increased output or better quality of products.