2/23/26, 5:51 PM MBA 745 Final EXAM, comprehensive questions and verified answers QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGH…
MBA 745 Final EXAM, comprehensive questions
and verified answers QUESTIONS WITH
ACCURATE ANSWERS | GET IT RIGHT |2025\2026!
Save
Terms in this set (290)
1.Value Stream all activities (value added, business value added,
and non-value added) required to meet a customer
or stakeholder request.
2.Types of Value Stream Products
Services
Ideas
Sales
Resources
Projects
3.Types of Value Stream Products: A product used from materials to the
point of use by the customer
4.Types of Value Stream Services: A service from suppliers to solving the
need of a customer (ex barber, police, etc)
start when notified service is required, end when
service is provided
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,2/23/26, 5:51 PM MBA 745 Final EXAM, comprehensive questions and verified answers QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGH…
5.Types of Value Stream: Ideas from concept to implementation (new products
and services)
concept through product launch
6.Types of Value Stream: Sales new business from marketing to closing the deal
Prospect to Order
7.Types of Value Stream: Resources from justification to retirement at end of use
(recruiting of new employees through retirement)
Equipment and people
8.Types of Value Stream: Projects Projects from concept o implementation and
support (ex lean transformation project - from
concept through implementation)
Concept to Improvement
9.Value Stream Manager designated as the owner of a value stream which
crosses functional boundaries. They are champions
for future state design and implementation,
creating flow and leverage pull across all functions
10.Value Stream Map A visual representation of activities and flows of
information, materials, and services required to
accomplish specific objectives.
11.Value Stream Flows > Materials, Products and Services >
< Funds and Returns <
< Information >
12.A current state value stream map ...at the level of detail which identifies the waste.
must be...
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,2/23/26, 5:51 PM MBA 745 Final EXAM, comprehensive questions and verified answers QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGH…
13.Mapping the Value Stream - 1-10 1. Identify Mapping Team
2. Identify Value Stream
3. Identify Suppliers
4. Identify Inputs
5. Identify Process
6. Identify Outputs
7. Identify Customers
8. Other Stakeholders
9. Speculate Value
10. Champion Approval
14.Steps 11-20: Creating the map: 11. Choose
Approach
12. Choose Symbols
13. Identify Big Activities
14. Decide what information
15. Variation and Priorities
16. Collect information
17. Get facts (not memory)
18. Something Happening
19. Nothing Happening
20. Value Add Guestimate
15.SPIOC Suppliers, Inputs, Process, Outputs, Customers
16.Value Add Guestimate total time something is happening divided by the
total time.
17.Check Sheet a tool for recording and organizing data to identify
a problem
18.Run Charts type of chart used to show variations in the
process over time or to show trends (such as
improvements or the lack of improvements) in the
process.
https://quizlet.com/1147333196/mba-745-final-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answers-get-it-right-20… 3/45
, 2/23/26, 5:51 PM MBA 745 Final EXAM, comprehensive questions and verified answers QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGH…
19.4 rules of run chart STAR
- Shift
- Trend
- Astronomical
- Runs
20.Run Chart Shift: when too much data is grouped above or
below the lines (rule of 6)
21.Run Chart Trend: When a consecutive group is going up or
going down (5 points)
22.Run Chart Astronomical: When there is an outlier
3.Run Chart Runs: (too few or too many) - number of times the
median line is crossed
24.Value Stream Map : a visual representation of activities and flows of
information, materials, and services required to
accomplish specific objectives.
25.Value Stream Mapping : a team based systematic approach to create value
stream maps which identify waste in the current
state or paint the vision of a future state with less
waste.
26.Made to Stock Environment where products can be and usually
are finished before receipt of a customer order (ex
- grocery store)
https://quizlet.com/1147333196/mba-745-final-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answers-get-it-right-20… 4/45
MBA 745 Final EXAM, comprehensive questions
and verified answers QUESTIONS WITH
ACCURATE ANSWERS | GET IT RIGHT |2025\2026!
Save
Terms in this set (290)
1.Value Stream all activities (value added, business value added,
and non-value added) required to meet a customer
or stakeholder request.
2.Types of Value Stream Products
Services
Ideas
Sales
Resources
Projects
3.Types of Value Stream Products: A product used from materials to the
point of use by the customer
4.Types of Value Stream Services: A service from suppliers to solving the
need of a customer (ex barber, police, etc)
start when notified service is required, end when
service is provided
https://quizlet.com/1147333196/mba-745-final-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answers-get-it-right-20… 1/45
,2/23/26, 5:51 PM MBA 745 Final EXAM, comprehensive questions and verified answers QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGH…
5.Types of Value Stream: Ideas from concept to implementation (new products
and services)
concept through product launch
6.Types of Value Stream: Sales new business from marketing to closing the deal
Prospect to Order
7.Types of Value Stream: Resources from justification to retirement at end of use
(recruiting of new employees through retirement)
Equipment and people
8.Types of Value Stream: Projects Projects from concept o implementation and
support (ex lean transformation project - from
concept through implementation)
Concept to Improvement
9.Value Stream Manager designated as the owner of a value stream which
crosses functional boundaries. They are champions
for future state design and implementation,
creating flow and leverage pull across all functions
10.Value Stream Map A visual representation of activities and flows of
information, materials, and services required to
accomplish specific objectives.
11.Value Stream Flows > Materials, Products and Services >
< Funds and Returns <
< Information >
12.A current state value stream map ...at the level of detail which identifies the waste.
must be...
https://quizlet.com/1147333196/mba-745-final-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answers-get-it-right-20… 2/45
,2/23/26, 5:51 PM MBA 745 Final EXAM, comprehensive questions and verified answers QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGH…
13.Mapping the Value Stream - 1-10 1. Identify Mapping Team
2. Identify Value Stream
3. Identify Suppliers
4. Identify Inputs
5. Identify Process
6. Identify Outputs
7. Identify Customers
8. Other Stakeholders
9. Speculate Value
10. Champion Approval
14.Steps 11-20: Creating the map: 11. Choose
Approach
12. Choose Symbols
13. Identify Big Activities
14. Decide what information
15. Variation and Priorities
16. Collect information
17. Get facts (not memory)
18. Something Happening
19. Nothing Happening
20. Value Add Guestimate
15.SPIOC Suppliers, Inputs, Process, Outputs, Customers
16.Value Add Guestimate total time something is happening divided by the
total time.
17.Check Sheet a tool for recording and organizing data to identify
a problem
18.Run Charts type of chart used to show variations in the
process over time or to show trends (such as
improvements or the lack of improvements) in the
process.
https://quizlet.com/1147333196/mba-745-final-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answers-get-it-right-20… 3/45
, 2/23/26, 5:51 PM MBA 745 Final EXAM, comprehensive questions and verified answers QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGH…
19.4 rules of run chart STAR
- Shift
- Trend
- Astronomical
- Runs
20.Run Chart Shift: when too much data is grouped above or
below the lines (rule of 6)
21.Run Chart Trend: When a consecutive group is going up or
going down (5 points)
22.Run Chart Astronomical: When there is an outlier
3.Run Chart Runs: (too few or too many) - number of times the
median line is crossed
24.Value Stream Map : a visual representation of activities and flows of
information, materials, and services required to
accomplish specific objectives.
25.Value Stream Mapping : a team based systematic approach to create value
stream maps which identify waste in the current
state or paint the vision of a future state with less
waste.
26.Made to Stock Environment where products can be and usually
are finished before receipt of a customer order (ex
- grocery store)
https://quizlet.com/1147333196/mba-745-final-exam-comprehensive-questions-and-verified-answers-questions-with-accurate-answers-get-it-right-20… 4/45
