Final answer:
The statement is true. The master production schedule provides details on the specific items to be produced, the quantity, and the schedule for production.
Step-by-step explanation:
The statement that the master production schedule (MPS) states which end items are to be produced, in addition to when and how many, is true. The MPS is a critical component in both manufacturing and service industries as it directly ties production planning to what needs to be produced to meet customer demand. It lays out a detailed timetable for the production of finished goods and is often used in conjunction with other planning tools such as Material Requirements Planning (MRP) and Capacity Requirements Planning (CRP) to ensure that manufacturing resources are assigned and utilized effectively.