The Production of Capital Is a Form of Roundabout Production

question 126

True/False

The production of capital is a form of roundabout production.

---

Definitions:

Assigned Cycle Time

The preset duration within which a particular task or operation must be completed in a production process.

Efficiency

The ability to accomplish a task or goal with a minimum expenditure of time, effort, and cost, often evaluated in terms of productivity.

Cycle Time

The total time from the beginning to the end of a process, including both processing and waiting times.

Daily Operating Time

The total time per day during which a business or system is operational and open for business.