Which of the following statements best defines setup time?
A) It is the time required to manufacture an item, including order preparation time, inspection time, and customer delivery time.
B) It is the time required to get equipment, tools, and materials ready to start the production of a component or product.
C) It is a time or period ranging from the time when a customer orders goods to the time when they are delivered to the customer.
D) It is the time required to create a new product to be sold by a business to its customers.
Answer: B
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Which of the following statements is true of the debt to equity ratio?
A) The higher the debt to equity ratio, the lower the company's financial risk. B) The higher the debt to equity ratio, the greater the company's financial risk. C) If the debt to equity ratio is greater than 1, the company is financing more assets with equity than with debt. D) If the debt to equity ratio is less than 1, the company is financing more assets with debt than with equity.
Which of the following personal characteristics appears to reflect a salesperson's emotional maturity and motivation and is, therefore, a relatively good indicator of sales performance?
A. The applicant's current marital and family status B. The applicant's educational attainment C. The applicant's scores on intelligence and math ability tests D. The applicant's self-esteem E. None of the above