Which of the Following Is NOT True of Value Stream

question 94

Multiple Choice

Which of the following is NOT true of value stream mapping?

• A)It is used to analyze and design the flow of materials and information across multiple processes to bring a product or service to a consumer.
• B)It enables a process analyst to identify activities that do not add value so that they can be eliminated to reduce waste and improve efficiency.
• C)It is a process mapping technique.
• D)It assesses the time taken for each step in the value stream.

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Definitions:

Consumption Possibilities

The different combinations of goods and services that a consumer can afford to purchase at given prices and income levels.

Price of Beer

The cost at which beer is sold, influenced by factors such as production costs, taxes, and market demand.

Price of Pizza

The cost at which pizza is sold or purchased, which can vary based on ingredients, size, and location.

Jon's Budget

A specific example referring to the budget allocated or controlled by an individual named Jon.