Value Stream Mapping Is a Technique Focused on Finding New

question 100

True/False

Value stream mapping is a technique focused on finding new ways of adding value for critical stakeholders such as customers.

Identify the concepts of market failure including externalities, monopolies, and public goods.

Recognize the historical and theoretical background of key economic theories and figures such as Karl Marx and Adam Smith.

Appreciate the importance and function of competition in market economies.

Learn about the economic transition experiences of countries such as Russia and China from planned to market economies.

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Definitions:

Fiber-Optic Cable

A cable made of glass or plastic fibers that transmits data at high speeds using light, commonly used for internet connections.

Ethernet Cable

A type of network cable used for wired networks to connect devices such as computers and routers.

802.11n

802.11n is a Wi-Fi standard that allows for wireless communication with improved speed and range over its predecessors, supporting multiple wireless signals and channels.

802.11ac

A wireless networking standard in the 802.11 family that allows for high-speed internet connections over the 5 GHz band.