A ______ Is a Tool for Analyzing Processes That Have

question 48

Multiple Choice

A ______ is a tool for analyzing processes that have high service content by specifying how the service will be provided.

• A)value stream map (VSM)
• B)process simulation
• C)service blueprint
• D)process chart

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Definitions:

Excise Tax

A direct tax placed on manufactured goods, and is often levied at the time of manufacture, rather than at sale.

Inelastic Supply

A market condition where the quantity supplied of a good does not change significantly when its price changes.

Inelastic Demand

The case in which the price elasticity of demand is less than 1.

FICA

FICA stands for the Federal Insurance Contributions Act and is a United States federal payroll tax that funds Social Security and Medicare programs.