The Time Required to Completely Produce an Item If Only

question 75

Multiple Choice

The time required to completely produce an item if only one unit is being produced at a time is known as ______.

• A)cycle time
• B)flow time
• C)idle time
• D)balance efficiency

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Definitions:

Fixed Asset

Long-term tangible assets used in the operations of a business that are not expected to be converted to cash in the short term.

Book Value

The net value of an asset or company, calculated by subtracting liabilities from assets and often used to assess the worth of tangible assets on balance sheets.

Depreciable Asset

An asset subject to depreciation, representing its decline in value over time due to use or obsolescence.

Useful Life

Useful Life is an accounting estimate of the time period a tangible asset is expected to remain functional and economically viable for its intended purpose.