Lead Time Minus Production Time Is Equal to

question 5

Multiple Choice

Lead time minus production time is equal to

• A)idle time.
• B)storage time.
• C)non-value-added time.
• D)value-added time.

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Definitions:

External Failure Cost

Expenses related to products or services not meeting quality expectations post-delivery, encompassing returns, fixes, and warranty requests.

Quality Cost Report

A document that summarizes the costs associated with preventing, detecting, and correcting defective work, typically classified into prevention, appraisal, and failure costs.

Warranty Period

The specified time period during which a manufacturer or seller is obligated to repair or replace a product if it has defects.

Appraisal Cost

Expenses related to the evaluation and inspection of materials and products to ensure quality standards are met.