Which of the Following Is Not True About Value Stream

question 10

Multiple Choice

Which of the following is not true about Value Stream Mapping?

• A) It is a variation on time function mapping.
• B) It examines the supply chain to determine where value is added.
• C) It extends time function mapping back to the supplier.
• D) It starts with the customer and works backwards.
• E) It starts with the supplier.

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Definitions:

Nominal Interest Payments

The amounts paid by borrowers to lenders as the cost of borrowing money, not adjusted for inflation.

Interest Payments

Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

Real Values

Economic measures that are adjusted for inflation, reflecting the actual buying power of money or assets.

Classical Dichotomy

The theoretical separation of nominal and real variables in classical economics, suggesting that changes in the money supply only affect nominal variables, not real ones.