Which of the following statements is correct concerning the elements of cycle time?
A. Inspection time is the time spent producing the product.
B. Move time is the time spent moving (1) raw materials from storage to production and (2) goods in process from one factory location to another factory location.
C. Process time is considered non-value-added time.
D. Cycle efficiency is the ratio of non-value-added time to total cycle time.
E. Wait time is considered value-added time.
Answer: B
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