Ok Corporation Keeps Careful Track of the Time Required to Fill

question 86

Multiple Choice

Ok Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: The manufacturing cycle efficiency (MCE) was closest to:

• A)0.47
• B)0.02
• C)0.07
• D)0.12

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Definitions:

Reducing Quality

The process of lowering the quality of products or services, often as a cost-cutting measure, which can negatively affect customer satisfaction and brand reputation.

Limiting Availability

A strategy to increase desirability or price of a good or service by reducing its availability.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Demand

The volume of goods or services that purchasers are ready and financially able to acquire at several price points within a certain period.