2.1.8 Understanding Value Add Time Quiz

What is Value Add Time also known as?

• Wait Time

• Processing Time

• Value Creating Time

• Lead Time

Which of the following is true about Non-Value Add Time?

• It is the time of work elements that transform the product

• It is the time spent that improves the outcome of a process

• It is the time associated with production

• It is equal to Value Add Time

What is the formula to calculate Non-Value Add Time?

• Cycle Time + Value Add Time

• Cycle Time * Value Add Time

• Cycle Time - Value Add Time

• Cycle Time / Value Add Time

What is the main purpose of identifying non-value added activities in a process?

• To increase the total time required to complete a process

• To reduce the total time required to complete a process

• To add more non-value added activities

• To keep the process unchanged

How can shrinking the duration of the production process be a competitive advantage?

• By keeping the process unchanged

• By decreasing the response time to customer demands

• By increasing the response time to customer demands

• By adding more non-value added activities

What contributes nothing to the outcome of a process according to the text?

• Queue Time

• Processing Time

• Value Add Time

• Wait Time

What is the relationship between Value Add Time, Cycle Time, and Lead Time?

• Value Add Time < Cycle Time = Lead Time

• Value Add Time > Cycle Time > Lead Time

• Value Add Time < Cycle Time < Lead Time

• Value Add Time = Cycle Time = Lead Time

What is the concept used to eliminate non-value added activities from a process?

• Value Elimination

• Value Reduction

• Value Creation

• Value Addition

Which time interval is considered non-value-added according to the text?

• Value Add Time

• Processing Time

• Wait Time

• Lead Time

What is the main goal of reducing the total time required to complete a process?

• To decrease customer demands

• To increase customer demands

• To keep the process unchanged

• To respond more quickly to customer demands