Value Stream Mapping

question 9

Multiple Choice

Value stream mapping:

• A)Is a simplified version of process mapping.
• B)Uses the same terminology and symbols used in typical process mapping.
• C)Is another name for a future state map.
• D)Relies on computer-assisted flowcharting.
• E)Is more comprehensive than typical process mapping.

---

Definitions:

Natural Monopoly

An industry in which a single firm can provide cheaper service than could several competing firms.

Local Electric

Refers to the provision and consumption of electricity in a specific geographical area, often managed by a local utility company.

Cable TV

A system of delivering television programming via coaxial cables to subscribers, offering a variety of channels and services.

Average Total Cost

The total cost divided by the number of units produced, representing the cost per unit of output.