The Percentage of Time the Work Center Is Active Compared

question 4

Multiple Choice

The percentage of time the work center is active compared to the available time is called:

• A) efficiency
• B) effectiveness
• C) utilization
• D) up-time

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Definitions:

Workflow

The sequence of processes through which a piece of work passes from initiation to completion, often involving multiple steps and stakeholders.

Process Reengineering

A basic revision and profound transformation of company procedures to secure substantial gains in key performance indicators like cost, quality, service, and speed.

Michael Hammer

An American engineer, management author, and business consultant known for his work on reengineering business processes.

Break Even

The point at which total cost and total revenue are equal, resulting in no net loss or gain.