QUESTION 14 Operating performance measures like Manufacturing Cycle Efficiency (MCE) can help companies get products into the hands of customers more quickly and at a lower cost by identifying and reducing non-value-added activities True O False QUESTION 15 Sunk costs are considered to be avoidable costs. O True O False QUESTION 16 Excessive funds tied up in operating assets (like cash, accounts receivable, inventories, plant and equipment) can reduce turnover and therefore, improve Return on Investment. True O False QUESTION 17 A future cost that does not vary among alternatives under consideration is irrelevant True O False QUESTION 18 Fixed costs are sunk costs and are therefore irrelevant in decisions. True O False