Question: Which of the following statements about processing cycle efficiency (PCE) is not true? Multiple Choice a. It is defined as the ratio of processing time

Which of the following statements about processing cycle efficiency (PCE) isnottrue?

Multiple Choice

a. It is defined as the ratio of processing time to non-processing time.

b. It incorporates notions of "value-added" and "non-value-added," as discussed in the development of activity-based cost (ABC) systems.

c. the optimum value of PCE is 1.0.

d. It is based on the relationship between actual processing time and total production time.

e. It is a measure of operating process efficiency.

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