Which of the Following Statements Is Correct Concerning the Elements

question 66

Multiple Choice

Which of the following statements is correct concerning the elements of cycle time?

• A)Move time is the time spent moving (1)raw materials from storage to production and (2)goods in process from one factory location to another factory location.
• B)Inspection time is the time spent producing the product.
• C)Process time is considered non-value-added time.
• D)Wait time is considered value-added time.
• E)Cycle efficiency is the ratio of non-value-added time to total cycle time.

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Definitions:

Channel Member

An entity that participates in the distribution channel, like manufacturers, wholesalers, and retailers, helping goods reach their final consumers.

Retailer's Responsibility

The accountability held by retail businesses to ensure the quality, safety, and ethical sourcing of their products, along with providing good customer service.

Customers' Expectations

The beliefs or standards that consumers have about the performance, value, and quality of goods or services.

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Premium quality hats that are often designer brands, crafted with superior materials, and sold at a higher price point.