Value Stream Mapping (VSM)______

question 47

Multiple Choice

Value stream mapping (VSM) ______.

• A)is typically done once an organization has converted to a lean system
• B)facilitates identifying sources and causes of waste
• C)has the potential to increase the carbon footprint
• D)is applied only in push production systems

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Definitions:

Liabilities Decreased

A reduction in the obligations or debts that a company owes to others, which can improve its financial position.

Retained Earnings

The residual net earnings available to the business following the payout of dividends to its investors.

Auto Repair Shop

An auto repair shop is a business establishment dedicated to the maintenance and repair of automobiles, offering services such as mechanical and electrical repair, bodywork, and routine maintenance.

Journal Entries

The recordings of financial transactions in a company's accounting system, typically including a date, description, and affected accounts.