A Value Stream Map Shows the Flows of Materials and Information

question 117

True/False

A value stream map shows the flows of materials and information and the lines of responsibility and authority.

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Definitions:

Milk

A nutrient-rich liquid food produced by the mammary glands of mammals, commonly consumed by humans as a beverage or used in dairy products.

Elastic

A characteristic of a good or service with demand or supply that is sensitive to changes in price, meaning the quantity demanded or supplied changes significantly.

Supply-side Economics

An economic theory that argues economic growth can be most effectively fostered by lowering taxes and decreasing regulation to increase production.

Tax Cuts

Reductions in the amount of taxes imposed by a government, often aimed at stimulating economic growth by increasing disposable income or encouraging investment.