The Term "Processing Cycle Efficiency" (PCE)

question 141

Multiple Choice

The term "processing cycle efficiency" (PCE) :

• A) Like manufacturing cycle time, is a measure of operational efficiency.
• B) Is defined as the ratio of manufacturing lead time to delivery time.
• C) Is defined as manufacturing lead time minus delivery time.
• D) Is defined as the ratio of customer-response time to order-delivery time.
• E) Is at an optimum level when PCE = 0.

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform framework for international commerce.

Modifications

refers to changes or alterations made to the terms of a contract, agreement, or in the design of a product or system.

Contracts

Legal agreements between parties that are enforceable by law.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties to be enforceable.