Examlex

Solved

When Making Decisions, the Quantitative Information Considered Consists of Factors

question 90

True/False

When making decisions, the quantitative information considered consists of factors relevant to the decision that cannot be expressed effectively in numerical terms.


Definitions:

Manufacturing Cycle Efficiency

A metric that evaluates the efficiency of a manufacturing process by comparing the value-added time to the total production time.

Queue Time

The duration that an item spends waiting to be processed or serviced in a system.

Delivery Cycle Time

The total time taken from receiving a customer order to the delivery of the product, indicating the efficiency of the production and delivery system.

Manufacturing Cycle Efficiency

A performance metric that measures the efficiency of the production process by dividing the value-added time by the total cycle time.

Related Questions