Which of the following is true of a value stream? a.A value stream includes only value-added...
Which of the following is true of a value stream?
a.A value stream includes only value-added activities.
b.A value stream is never created for groups of products that use common processes.
c.A value stream reflects all that is done to bring the product to a customer.
d.A value stream reflects only the nonvalue-added activities.
Homework Answers
Answer : A value stream reflects all that is done to bring the product to customer
Explanation
1)value stream is a lean manufacturing technique used to analyse and improve the flow of information or materials required to produce a product or service
2) the technique is used in lean manufacturing for eliminating the waste and optimum utilization of resources
3)it is the methed for showing where the improvenents are needed and where you need to improve the process etc
4) The value stream mapping will reflects all that is done to bring the product to a customer
5) It will reduces the manufacturing cycle time and improves the efficiency in operations
6) Value system reflects value and non value added activities
Add Answer to:
Which of the following is true of a value stream?
a.A value stream includes only value-added...
Which of the following statements regarding cost accounting systems is not true? a.A company may use...
Which of the following statements regarding cost accounting systems is not true? a.A company may use a job order cost system for some of its products and a process cost system for other products. b.A job order cost system provides product costs for each quantity of product that is manufactured. c.A company must use either a job order cost system for all of its products and services or a process cost system for all of its products and services. d.Managers...
Value-Added versus Non-Value-Added at a Restaurant Go to a fast-food restaurant (or think of the last...
Value-Added versus Non-Value-Added at a Restaurant Go to a fast-food restaurant (or think of the last time you were at a fast-food restaurant). Observe the steps involved in providing a meal to a customer. You will be watching for value-added steps and non-value-added steps. Answer the following questions. Basic Discussion Questions Describe the steps involved with delivering the meal to the customer that you can observe. Describe the “behind-the-scenes” processes that are likely in the restaurant, such as cleaning, stocking,...
1. Which of the following statements is correct? a.A current ratio of 1.60 means the company's...
1. Which of the following statements is correct? a.A current ratio of 1.60 means the company's current assets are probably not sufficient to pay its current liabilities. b.The separate entity assumption requires that the financial activities of the owners of a company be reported on the company's balance sheet. c.The cost principle states that recording activities at cost will result in the balance sheet representing the true value of the company. d.A transaction is recorded if it has a measurable...
1., Which of the following statements is(are) true about non value added activities? Non value added activities are oft...
1., Which of the following statements is(are) true about non value added activities? Non value added activities are often unnecessary and dispensable Non value added activities maybe necessary but are being performed in an inefficient and improvable manner Non value added activities can be eliminated without deterioration of product quality, performance or perceived value A, b, and c A and b 2. Which of the following is least likely to be classified as a facility level activity in an activity-based...
1.Which of the following manufacturing strategies relies mostly on forecasted demand? a.Engineer-to-Order ...
1.Which of the following manufacturing strategies relies mostly on forecasted demand? a.Engineer-to-Order b.Make-to-Order c.Assemble-to-Order d.Make-to-Plan 2.Sam's Logistics has been asked to perform the last stage of a production process by Hackory Farms: putting together final gift box assortments of sausage, cheese, and crackers. Which of the following manufacturing strategies best describes this scenario of "form postponement"? a.Engineer-to-Order b.Make-to-Order c.Assemble-to-Order d.Make-to-Plan 3.Which of the following...
Hello, thanks for helping compare. 3) Which of the following is NOT a characterization of activity-based...
Hello, thanks for helping compare. 3) Which of the following is NOT a characterization of activity-based costing? Select one: A. identifying all resources used by activities regardless of how individual costs behave in the short run B. identification of only variable costs C. using the cost hierarchy to allocate costs to products D. identification of all costs used by activities 4) Indications that a product cost system needs revision include Select one: A. the company uses a single allocation base...
Which of the following is NOT true about gross domestic product (GDP)? a. It includes only...
Which of the following is NOT true about gross domestic product (GDP)? a. It includes only final goods and services. b. The values are measured in current dollars c. Intermediate goods and services are excluded to prevent double counting. d. It includes the value of transfer payments. The gross domestic product (GDP) excludes: a. the value of intermediate goods produced. b. the spending by government on new roads and bridges. c. household spending on goods and services. d. the increase...
Which of the following statements about the Value-Added Tax (VAT) in NOT true? The VAT is...
Which of the following statements about the Value-Added Tax (VAT) in NOT true? The VAT is a tax on the changes in value that occur at each stage of production or distribution. A VAT of 5% will yield more revenue than a 5% general sales tax because the VAT is collected several times. The VAT is a regressive tax because it places a greater burden on persons with lower incomes. VAT taxes are currently not in use in the U.S....
The answer A incorrect for questions 10 QUESTION 10 Which of the following is TRUE? O...
The
answer A incorrect
for
questions 10
QUESTION 10 Which of the following is TRUE? O The main purpose of flowcharts is to identify and eliminate waste. O Time-function mapping extends the value analysis back to suppliers. O Service blueprinting focuses on the provider's interaction with its suppli A process chart is a flowchart with time added on the horizontal axis. O Value-stream mapping is a variation of time-function mapping. QUESTION 8 One of the similarities between product focus and...
Indicate the best answer for each question in the space provided. 1Examples of value-added activities include...
Indicate the best answer for each question in the space provided. 1Examples of value-added activities include all of the following except a Product design Material movement. Assembly activities Establish an effective distribution network. d 2 Of the following components of total quality cost, which is most damaging to a company attempting to achieve a reputation as a world-class manufacturer? a Prevention costs b Appraisal costs c Intermal failure costs d External failure costs Of the following processes, which is chiefly...
The
answer A incorrect
for
questions 10
QUESTION 10 Which of the following is TRUE? O The main purpose of flowcharts is to identify and eliminate waste. O Time-function mapping extends the value analysis back to suppliers. O Service blueprinting focuses on the provider's interaction with its suppli A process chart is a flowchart with time added on the horizontal axis. O Value-stream mapping is a variation of time-function mapping. QUESTION 8 One of the similarities between product focus and...
Indicate the best answer for each question in the space provided. 1Examples of value-added activities include all of the following except a Product design Material movement. Assembly activities Establish an effective distribution network. d 2 Of the following components of total quality cost, which is most damaging to a company attempting to achieve a reputation as a world-class manufacturer? a Prevention costs b Appraisal costs c Intermal failure costs d External failure costs Of the following processes, which is chiefly...
Most questions answered within 3 hours.
-
JAVA
Provide a simple code sample of Merge sort
asked 34 seconds from now -
Discounting cash flows involves:
A. taking the cash discount offered on a trade merchandise
B. estimating...
asked 6 minutes ago -
A solid wood door 1.00 m wide and 2.00 m high is hinged along
one side...
asked 6 minutes ago -
Raleigh Company manufactures two joint products. At the
split-off point, they have sales values of:
Product...
asked 6 minutes ago -
A
projectile is blue at a target. The distance from the point of
impact to the...
asked 7 minutes ago -
1. Your grandmother has invested $4000 in a mutual fund each
year on your birthday (she...
asked 8 minutes ago -
HELP WITH SAS
Run the following DATA step to create a SAS data set called
ABC_CORP....
asked 21 minutes ago -
A researcher wishes to study the cumulative effects of several
combinations of HIV drugs. There are...
asked 40 minutes ago -
How
to make a simple game of whack a mole in pygame
asked 24 minutes ago -
Write a c/c++ program to read a list of students from a file and
create a...
asked 33 minutes ago -
Identify two different methods for collecting data in
qualitative research. What are the benefits and challenges...
asked 33 minutes ago -
I am suppose to have my array before the main class but I am
getting the...
asked 35 minutes ago