Cycle Time Efficiency Is

question 130

Multiple Choice

Cycle time efficiency is:

• A) Defined as the ratio of time spent on value-added activities to the sum of time spent on value-added plus non-value-added activities.
• B) Also referred to as process efficiency.
• C) Defined as the ratio of throughput to resources used.
• D) The ratio of throughput to the amount of product in backlog status.
• E) Not typically part of a comprehensive framework for managing and controlling quality since it is a nonfinancial performance indicator.

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Definitions:

Parameter

A numerical characteristic that describes a statistical population, such as a mean or standard deviation.

Mode

The value that appears most frequently in a data set, representing the highest peak in a distribution.

Hypothesis

A proposed explanation for a phenomenon, set forth as a starting point for further investigation through experimentation or observation.

Central Tendency

A statistical measure that identifies a single value as representative of the middle of a dataset, often the mean, median, or mode.