Manufacturing Cycle Efficiency Is Calculated as

question 25

Multiple Choice

Manufacturing cycle efficiency is calculated as

• A)Value-added processing time divided by non-valued added processing time.
• B)Non-value-added processing time divided by total manufacturing cycle time.
• C)Value-added processing time divided by total manufacturing cycle time.
• D)Direct cost of manufacturing divided by total manufacturing cost.

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Definitions:

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Co-insurance Clause

A provision in insurance policies that requires the policyholder to bear a portion of the losses to which the insurance applies.

Fireproof

Designed or made resistant to fire or its effects, reducing the risk of fire damage.

Co-insurance Clause

A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, encouraging insured parties to not underinsure their assets.