Identification of a "Value Stream," Pursuit of Perfection, and Making

question 147

Multiple Choice

Identification of a "value stream," pursuit of perfection, and making value flow without interruption are examples of

• A)total quality management.
• B)activity-based costing.
• C)principles of lean thinking.
• D)Kanban processing.

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Definitions:

International Trade

The swapping of commodities and services among different nations.

Unskilled Workers

Individuals who lack specialized skills, training, or qualifications for particular jobs or industries.

Imports

Goods and services purchased from other countries.

Services

Intangible products provided to consumers, which can include everything from legal advice to entertainment.