In Value Stream Mapping, the Flow Diagram That Depicts Process

question 54

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 the above.

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Definitions:

Consolidated Equipment

Assets, particularly machinery and equipment, reported in a unified manner for a parent company and its subsidiaries.

Net Assets

The total assets of an entity minus its total liabilities, representing the entity’s net worth or equity value.

Acquisition

The act of gaining ownership of a different corporation or business entity by either buying it or combining with it.

Credit Balance

A situation in an account where the total credits exceed the total debits, indicating the amount owed to the account holder or client.