Multiple Choice
Which of the following statements regarding work-in-process (WIP) inventory is FALSE?
A) Reducing flow time reduces WIP inventory.
B) During most of the time a product is "being made," it is in fact sitting idle.
C) Actual "run" time is usually a significant portion of the material flow time.
D) WIP exists because of flow time.
E) WIP inventory describes products or components that are no longer raw materials but have yet to become finished products.
Correct Answer:
Verified
Correct Answer:
Verified
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