________ Is the Time It Takes to Complete a Process

question 39

Multiple Choice

________ is the time it takes to complete a process from time of arrival to time of departure.

• A) Rush order flow time
• B) Cycle time
• C) Throughput time
• D) Direct labor time

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Definitions:

Partial-Year Depreciation

Partial-year depreciation is the calculation of depreciation expenses for assets used in part of a year, usually during the first year of purchase or the last year before disposal.

Useful Life

The estimated duration over which an asset is expected to be functional and economically viable.

List Price

The manufacturer's suggested retail price (MSRP) for a product, before any discounts or allowances.

Accumulated Depreciation

The complete tally of depreciation charges applied to a fixed asset since its initial usage.