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In the early 2000s,the Fed's ____________ interest rate policy had several effects.Among these effects were a _______________ in mortgage interest rates and a(n) ____________ in the size of loans taken out by mortgage borrowers.
Manufacturing Cycle Efficiency
A performance metric that measures the efficiency of the production process by dividing the value-added time by the total cycle time.
Queue Time
The total time that a product or job spends waiting in line to be processed at various stages of production.
Quality Cost Report
A document detailing the expenses incurred from preventing defects, appraising the quality of products, and any costs arising from products failing to meet quality standards.
Prevention Costs
Expenses incurred to avoid defects and improve quality in the production process, part of the broader category of quality costs.
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