If the MCE Is Equal to 0

question 86

True/False

If the MCE is equal to 0.6,then 60% of the time a unit is in process is spent on activities that add value to the product.

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Definitions:

Ledger

An accounting book or computer file used for recording and totaling economic transactions measured in terms of a monetary unit, by account.

Posting

The process of recording amounts as debits or credits in the accounts of a company's general ledger.

Debt Ratio

A ratio indicating a company's level of indebtedness by dividing its total liabilities by its total assets.

Financial Leverage

The use of borrowed funds to increase the potential return of an investment.