In Value Stream Mapping, the Flow Diagram That Depicts Process

question 33

Multiple Choice

In value stream mapping, the flow diagram that depicts process improvements to optimize the value and minimize the non-value-added streams is called a/an _____.

• A)current state map
• B)future/ideal state map
• C)variation map
• D)anticipated state map
• E)None of these answers.

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Definitions:

Minority Interests Groups

Groups or entities that hold a minority percentage of ownership stakes in a company and have limited control or influence.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded by a company, representing obligations that exist at the balance sheet date.

Accounts Payable

Liabilities of a business that represent its obligations to pay for goods or services it has received but not yet paid for.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit.