The Value Stream

question 110

Multiple Choice

The value stream

• A)is made up of all activities, both value-added and non-value-added, required to bring a product group or service from its starting point to a finished product in the hands of the customer.
• B)is made up value-added activities required to bring a product group or service from its starting point to a finished product in the hands of the customer.
• C)is where the production stream is triggered by forecast.
• D)is a series of steps designed to set target costs.

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Definitions:

Plan Members

Individuals who are enrolled in and receive benefits from a health insurance plan or program.

Explanation of Payment

A detailed description or clarification of why a payment was made and what it covers.

Remittance Advice

A document sent by a payer to a payee, providing details on the payment of an invoice, including information on any adjustments or deductions taken.

Indemnity Plans

Health insurance plans that reimburse the insured for medical expenses regardless of the healthcare provider used.