When Non-Value Added Time Is Greater,manufacturing Cycle Efficiency Is Lower

question 109

True/False

When non-value added time is greater,manufacturing cycle efficiency is lower.

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Definitions:

Disposable Income

The financial capacity of households to spend and save, net of income taxes.

Savings

The part of earnings not used for purchasing goods or services, typically saved for investing or future needs.

Disposable Income

Indicates the sum of funds households can allocate towards expenditure and savings once income taxes have been deducted.

Disposable Income

Households' available economic resources for spending and saving post-tax.