Takt Time Is the Cycle Time Needed to Maximize Utilization

question 164

True/False

Takt time is the cycle time needed to maximize utilization of an organization's workers and equipment.

---

Definitions:

Cost Centers

Departments or segments within an organization that do not directly generate revenue but incur costs.

Profit Centers

Divisions or units within an organization that are directly responsible for generating its profit.

Statements Of Activities

Financial reports that summarize an organization's revenues, expenses, and changes in net assets for a specific period.

Statements Of Cash Flows

Financial statements that detail the inflow and outflow of cash within an organization over a specific period of time.