MBA 745 - Module 3 Exam Questions and Answers Latest Update 2025
False - Answers (T/F) Most restaurants only have one value stream.
Push (aka Speculative) - Answers Your organization uses an order fulfillment approach which
relies on forecasts to position product in anticipation of customer orders.
This is an order fulfillment approach known as:
Value Stream - Answers All activities required to bring an idea from concept to implementation
are known as a:
True - Answers (T/F) Make to order is an example of pull fulfillment.
False - Answers (T/F) Every product or service is unique and should be identified as a value
stream. The typical organization will have thousands of value streams.
Assemble to Order - Answers If customers give you orders and expect you to ship in 7 days,
then your order fulfillment approach should be:
Materials To Finished Goods - Answers A common value stream which will start outside your
organization, at your suppliers is:
Design to Order - Answers Building a new sports stadium will most likely use an order fulfillment
strategy known as:
True - Answers (T/F) Concept to product launch is a big cross-functional value stream which is
important for most organizations.
Make to Stock - Answers You walk into a restaurant and see that they have built a few
hamburgers, just before lunchtime, in anticipation of a large crowd arriving soon.
They are using an order fulfillment approach known as:
value stream mapping - Answers is one of the most powerful tools from the lean toolbox.
Value Stream - Answers all activities (value add, business value add, and non-value add)
required to meet a customer or stakeholder request.
Value Stream Map - Answers a visual representation of activities and flows of information,
materials, and services required to accomplish specific objectives.
Value Stream Mapping - Answers 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.
Team Based (with the people who do the work)
, Systematic Approach (with simple steps everyone understands)
Current State (identify the waste)
Future State (paint a vision with less waste) - Answers In terms of value stream mapping, the
key aspects we need to explore further include:
current state map - Answers needs to be at the level of detail which identifies the waste. This
often means finding crazy stuff no one realizes is happening.
future state map - Answers needs to paint a vision with less waste. Don't go for an old
fashioned 5% improvement, but don't jump to impossible perfection.
Pie Charts - Answers -are one of the most common data visualization techniques. -They can
quickly show the relative size of different segments or categories of data.
True - Answers (T/F) pie charts will not work for everything.
The whole pie
3 to 6 slices
Colorful
Reveals information - Answers There are four characteristics for make a great pie:
The Whole Pie - Answers The total of the data you are using should mean something
Meaningless or confusing total
Providing no value - Answers Frustrating Pie Charts, avoid the following:
Humilty - Answers In his book, Ideal Team Player, Patrick Lencioni describes three virtues of an
ideal team player.
These three virtues are hunger, people smarts, and:
having high emotional intelligence when dealing with others - Answers In his book, Ideal Team
Player, Patrick Lencioni describes three virtues of an ideal team player.
The virtue known as people smarts refers to:
True - Answers (T/F) Successful lean transformations require people who are skilled project
leaders and great team members.
a slacker - Answers A person who does not contribute a fair share of the work required for
success of the team is known as:
hunger - Answers In his book, Ideal Team Player, Patrick Lencioni describes three virtues of an
False - Answers (T/F) Most restaurants only have one value stream.
Push (aka Speculative) - Answers Your organization uses an order fulfillment approach which
relies on forecasts to position product in anticipation of customer orders.
This is an order fulfillment approach known as:
Value Stream - Answers All activities required to bring an idea from concept to implementation
are known as a:
True - Answers (T/F) Make to order is an example of pull fulfillment.
False - Answers (T/F) Every product or service is unique and should be identified as a value
stream. The typical organization will have thousands of value streams.
Assemble to Order - Answers If customers give you orders and expect you to ship in 7 days,
then your order fulfillment approach should be:
Materials To Finished Goods - Answers A common value stream which will start outside your
organization, at your suppliers is:
Design to Order - Answers Building a new sports stadium will most likely use an order fulfillment
strategy known as:
True - Answers (T/F) Concept to product launch is a big cross-functional value stream which is
important for most organizations.
Make to Stock - Answers You walk into a restaurant and see that they have built a few
hamburgers, just before lunchtime, in anticipation of a large crowd arriving soon.
They are using an order fulfillment approach known as:
value stream mapping - Answers is one of the most powerful tools from the lean toolbox.
Value Stream - Answers all activities (value add, business value add, and non-value add)
required to meet a customer or stakeholder request.
Value Stream Map - Answers a visual representation of activities and flows of information,
materials, and services required to accomplish specific objectives.
Value Stream Mapping - Answers 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.
Team Based (with the people who do the work)
, Systematic Approach (with simple steps everyone understands)
Current State (identify the waste)
Future State (paint a vision with less waste) - Answers In terms of value stream mapping, the
key aspects we need to explore further include:
current state map - Answers needs to be at the level of detail which identifies the waste. This
often means finding crazy stuff no one realizes is happening.
future state map - Answers needs to paint a vision with less waste. Don't go for an old
fashioned 5% improvement, but don't jump to impossible perfection.
Pie Charts - Answers -are one of the most common data visualization techniques. -They can
quickly show the relative size of different segments or categories of data.
True - Answers (T/F) pie charts will not work for everything.
The whole pie
3 to 6 slices
Colorful
Reveals information - Answers There are four characteristics for make a great pie:
The Whole Pie - Answers The total of the data you are using should mean something
Meaningless or confusing total
Providing no value - Answers Frustrating Pie Charts, avoid the following:
Humilty - Answers In his book, Ideal Team Player, Patrick Lencioni describes three virtues of an
ideal team player.
These three virtues are hunger, people smarts, and:
having high emotional intelligence when dealing with others - Answers In his book, Ideal Team
Player, Patrick Lencioni describes three virtues of an ideal team player.
The virtue known as people smarts refers to:
True - Answers (T/F) Successful lean transformations require people who are skilled project
leaders and great team members.
a slacker - Answers A person who does not contribute a fair share of the work required for
success of the team is known as:
hunger - Answers In his book, Ideal Team Player, Patrick Lencioni describes three virtues of an
