​_____ Is the Time That a Unit of Product Spends

question 48

Multiple Choice

​_____ is the time that a unit of product spends in the value stream, from start to finish.​​

• A) ​Lead time
• B) ​Wait time
• C) ​Cycle time
• D) ​Move time

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Definitions:

Government Spending

Expenditures made by the government in any given period, including on services, salaries, and infrastructure projects.

Economic Role

The functions and responsibilities that different entities (individuals, firms, governments) play in the economy.

Government

The governing body of a nation, state, or community which makes and enforces laws, policies, and regulations.

Interest Payments

The amount paid by a borrower to a lender as a charge for the use of borrowed money, typically expressed as an annual percentage of the principal.