A Major US

question 25

Multiple Choice

A major U.S.tax bill that contained a provision for an incremental tax credit for research and development was passed in

• A) 1981.
• B) 1979.
• C) 1974.
• D) 1967.
• E) 1963.

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Definitions:

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.