Time-Based Management Is Concerned with the Elimination of Idle Time

question 43

Multiple Choice

Time-based management is concerned with the elimination of idle time, which generates non-value-added costs in which of the following circumstances?

• A) The buildup of inventories
• B) Loss of customers
• C) Delay in sales revenue generation
• D) All of the given answers

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Definitions:

Cyclical

Referring to fluctuations in economic activity that occur in cycles, often related to changes in business conditions.

Defense Contractor

A business organization that provides products or services to a military or national security department of a government.

Recession

A temporary economic slump, associated with a drop in business and manufacturing activities, commonly distinguished by a successive decline in GDP across two quarters.

Cyclical Unemployment

Cyclical unemployment is the component of overall unemployment that results from economic recessions or expansions, influenced by the business cycle.