Which of the Following Questions Is Not Answered by Value

question 19

Multiple Choice

Which of the following questions is not answered by value stream mapping?

• A) Where does waste occur?
• B) Which processes or subprocesses exhibit the most variability?
• C) Where are the best opportunities to extract more value from customers?
• D) Where are process bottlenecks?
• E) Where do errors occur?

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Definitions:

MU/P Ratio

The Marginal Utility to Price ratio, used in economic analysis to evaluate the satisfaction received from consuming an additional unit of a good relative to its cost.

Marginal Utility

The additional satisfaction or benefit received from consuming one more unit of a good or service.

Total Utility

The complete satisfaction received from consuming a particular quantity of goods or services.