Where Are Cost Drivers and Value Drivers to Be Found

question 26

Multiple Choice

Where are cost drivers and value drivers to be found?

• A) Inside the organisation (value chain)
• B) Inside and outside the organisation (value chain and value system)
• C) Outside the organisation (value system)
• D) In the manufacturing process

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Definitions:

Stopwatch Study

A technique used in time and motion studies to measure the time it takes to perform a specific task.

Normal Time

The amount of time that should be required to complete a task under normal working conditions.

Performance Rating

A systematic evaluation of an individual's job performance or a product's effectiveness, often based on predefined criteria.

Visual Workplace

A work environment where information about processes and performance is made visible to employees through displays, charts, and signals to enhance understanding and efficiency.