Which of the Following Is Not True About Value Stream

question 10

Multiple Choice

Which of the following is not true about Value Stream Mapping?

• A) It is a variation on time function mapping.
• B) It examines the supply chain to determine where value is added.
• C) It extends time function mapping back to the supplier.
• D) It starts with the customer and works backwards.
• E) It starts with the supplier.

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Definitions:

Control Costs

Efforts and measures implemented to monitor and manage expenses to ensure they align with budgetary constraints and financial goals.

Cost Center Evaluation

The process of analyzing the performance and efficiency of a department or unit within an organization that does not directly generate revenue.

Controllable Margin

The amount of profit or contribution margin that a manager can directly influence by controlling costs and generating revenues.

Contribution Margin

The amount by which a product's selling price exceeds its total variable costs, indicating how much contributes to covering fixed costs and generating profit.