CTP______.
A)stands for a cost-time-profile map
B)tracks whether value is added at each step in the production process
C)tracks the quality of production at each step in the production process
D)tracks the quantity of production at each step in the production process

Question

Quizplus · Accepted Answer

CTP stands for cost-time-profile map, which is a tool used to track the cost and time required for each step in the production process. It helps to identify areas of inefficiency and opportunities for improvement by highlighting where value is added and where costs are being incurred.