The ratio of maximum value/rms value is known as:
Crest factor
The question asks to identify the term used for the ratio of the maximum value to the RMS value of an AC waveform. Let's look at the definitions of the factors provided in the options.
\(\text{Form Factor} = \frac{\text{RMS Value}}{\text{Average Value}}\)
\(\text{Crest Factor} = \frac{\text{Maximum Value (Peak Value)}}{\text{RMS Value}}\)
\(\text{Diversity Factor} = \frac{\text{Sum of Individual Maximum Demands}}{\text{Maximum Demand of Whole System}}\)
Based on the definitions, the ratio of maximum value / RMS value is precisely the definition of the Crest factor. The crest factor gives an idea of the peaks that the waveform reaches relative to its effective (RMS) value. For a pure sine wave, the maximum value is \(\sqrt{2}\) times the RMS value, so the crest factor for a sine wave is \(\frac{\sqrt{2} \times \text{RMS}}{\text{RMS}} = \sqrt{2} \approx 1.414\).
Therefore, the ratio of maximum value/rms value is known as the Crest factor.
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