Value Streams Are Useful in Decision-Making Because

question 91

Multiple Choice

Value streams are useful in decision-making because:

• A) They identify all value-added products and services.
• B) They help to highlight improved efficiency in the plant.
• C) Special orders can be evaluated within the context of the value stream.
• D) Irrelevant costs are identified.
• E) Lean thinking produces costlier products.

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Definitions:

Lakeside Property

Real estate located adjacent to a lake, often highly valued for its views and access to water activities.

Reimbursement

The act of compensating someone for an expense already incurred by them.

Agency Relationship

A legal arrangement in which one party (the agent) acts on behalf of another (the principal) in dealings with third parties.

Fulfillment

The process of completing or carrying out a task, order, or obligation to its final conclusion.