The Ratio of Value-Added Processing Time to Total Manufacturing Cycle

question 75

Multiple Choice

The ratio of value-added processing time to total manufacturing cycle time is referred to as

• A)Manufacturing cycle efficiency.
• B)Manufacturing cycle ratio.
• C)Throughput efficiency.
• D)Delivery cycle ratio.

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Definitions:

Competitive Firm

A company operating in a market where there are many buyers and sellers, and no single entity can influence the market price.

Human Capital Investment

The process of increasing the value of a workforce through education, training, and health initiatives.

Worker Training

The process of providing employees with the knowledge and skills required to perform their job effectively, often leading to increased productivity and job satisfaction.

Minimum Wage

The lowest legal hourly rate that employers can pay their workers, set by government law or regulation.