Which of the Following Is true Regarding the Steps to Reducing

question 2

Multiple Choice

Which of the following is true regarding the steps to reducing setup times?

• A) The first step involves performing as much setup preparation as possible while the process/machine is operating.
• B) The cycle of steps is repeated until setup time is reduced to under a minute.
• C) The standardization of both tooling and work procedures is advantageous to setup time reduction.
• D) Improved material handling and move material closer are done before operator training.
• E) All of the above are true.

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Definitions:

Present Value

It represents the discounted worth of future cash flows using a specific discount rate, highlighting the time value of money concept.

Capital Investment

Funds invested in a firm or enterprise for the purposes of furthering its business objectives.

Internal Rate

Refers to the rate of growth a project is expected to generate.

Return Method

A sales return approach where the selling price of returned goods is deducted from gross sales to calculate net sales.