Using Average Product Cost for a Value Stream Means That

question 20

Multiple Choice

Using average product cost for a value stream means that individual product costs are not known. This is adequate mainly because

• A)waste can be eliminated at the activity and process level without knowing product costs.
• B)a fully accurate product cost is not needed for many decisions.
• C)standard costing variances may actually impede improvement decisions.
• D)all of the above.

Comprehend the importance and methodology of project profiling.

Recognize the criteria for the assignment of project managers based on research findings.

Understand the role and methods of change management in project execution.

Appreciate the concepts of complexity, system scope, and their impacts on project management.

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Definitions:

Truck Class

A categorization system used to classify trucks based on their maximum load capacity and gross vehicle weight rating (GVWR).

Air Brake Systems

A type of braking system used primarily in large, heavy vehicles, which uses compressed air to operate the brake mechanism.

ASE Certification

The certification body for automotive professionals across the United States. Certification tests are conducted online and in test centers.

Air Brake Systems

Pneumatic brake systems used primarily in heavy vehicles, utilizing compressed air to create the friction needed for stopping.