True or False: Efficiency is calculated by dividing the number of error-free products produced by the total amount of available production time.

The statement is true because efficiency in a manufacturing or assembly context is often defined as the ratio of the number of error-free products produced to the total available production time. This formula provides a measure of how effectively the production process is operating, reflecting both the output (in terms of quality products) and the time used to generate that output. Calculating efficiency in this way recognizes the importance of not just producing items, but ensuring that they meet quality standards without defects.

By focusing on error-free products, this measure emphasizes the significance of quality in addition to quantity. The total available production time serves as a benchmark against which the actual performance can be evaluated. Higher efficiency scores indicate a more effective use of time and resources, suggesting that the processes in place are well-optimized for producing quality products.