Why Might Labour Costs Be Reduced in a Value Stream

question 10

Multiple Choice

Why might labour costs be reduced in a value stream system?

• A)The reduction causes an elimination of the need for any specialized skilled employees such as industrial engineers or production schedulers.
• B)The labour costs of industrial engineers and production schedulers can be pooled and allocated to the value streams.
• C)Some of the workers can be cross-trained to perform value-added activities within the value stream.
• D)Typically,implementing value stream results in layoffs of many workers.

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Definitions:

Consumer Behaviour

Delving into the processes by which individuals, groups, or businesses select, secure, utilize, and rid themselves of products, services, experiences, or ideas to cater to their needs, and assessing how these processes impact both the end users and the society at large.

Consumption Addiction

A behavioral condition where an individual becomes excessively preoccupied with purchasing and using goods or services.

Gambling

The act of wagering something of value on an event with an uncertain outcome, often involving risk in hope of gaining something of greater value.

Anticonsumption

The deliberate decision to reduce or reject the consumption of certain products or services based on personal values, environmental concerns, or ethical reasons.