Provided Each Measure Is Expressed in the Appropriate Units, Little's

question 32

True/False

Provided each measure is expressed in the appropriate units, Little's Law provides a mathematical expression that states capacity utilization equals the ratio of work- in- process inventory divided by the output rate of a process.

---

Definitions:

Special Bonus

An additional payment or reward given to an employee or group, often as recognition for exceptional work or achievement.

Fund

A pool of money set aside for a specific purpose or invested in a variety of financial instruments to generate returns for its investors.

Three-Month Period

A timeframe equivalent to a quarter of a year, often used in financial reporting and measurement.

Charity Drive

A campaign organized to raise funds or collect goods for charitable purposes.