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:

Great Depression

A severe worldwide economic downturn that took place during the 1930s, leading to widespread unemployment and poverty.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to provide relief, recovery, and reform from the Great Depression.

NYA

The National Youth Administration, a New Deal agency in the United States that provided work and education for young Americans during the Great Depression.

Unionization Drive

Efforts aimed at organizing workers into unions to advocate for better wages, working conditions, and rights.