Vandenheuvel Corporation Keeps Careful Track of the Time Required to Fill

question 55

Multiple Choice

Vandenheuvel Corporation keeps careful track of the time required to fill orders.The times recorded for a particular order appear below: The manufacturing cycle efficiency (MCE) was closest to:

• A)0.06
• B)0.18
• C)0.62
• D)0.16

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Definitions:

Cover

A buyer’s right to substitute goods for those due under a sales or lease agreement when the seller provides nonconforming goods.

Substitute Goods

Products that can be used in place of each other, satisfying the same needs or wants.

Lease Agreement

A contract between a lessor and a lessee for the rental of property, usually real estate, for a specified period of time.

Insolvent

The state of being unable to pay debts owed, often leading to bankruptcy proceedings.