Match each of the following terms with their correct description from the items listed below.* Each term may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-The length of time it takes to produce a unit of output from the time raw materials are received until the good is delivered to Finished Goods Inventory
A)Cycle time
B)Non-value-added
C)Velocity
D)Quality
E)Value-added activities
F)Efficiency

Question

Quizplus · Accepted Answer

Cycle time refers to the time it takes to produce a unit of output from raw material received until the finished good is delivered to inventory.

Answer: B
 Non-value-added activities are activities that do not add any value to the product or service, and therefore can be eliminated to improve efficiency.

Answer: C
 Velocity refers to the speed at which a product or service moves through the production process, from the initial stages to final delivery.

Answer: D
 Quality refers to the level of excellence or reliability of a product or service, as measured by customer satisfaction or other metrics.

Answer: E
 Value-added activities are activities that directly contribute to the creation or improvement of a product or service, and are therefore necessary for the production process.

Answer: F
 Efficiency refers to the ability to produce a product or service with minimal waste, cost, or effort, while maintaining quality standards.

Match Each of the Following Terms with Their Correct Description