MBA 745 Module 1 Exam Questions and Answers Latest Update 2025
what are the 5 principles of lean - Answers 1. specify value
2. identify value streams
3. create flow
4. leverage pull
5. seek perfection
what are the three types of value - Answers 1. value add
2. business value add
3. non value add
what type of value is activities which are necessary for meeting customer requirements -
Answers value add
what type of value is activities which are necessary for meeting other stakeholder requirements
- Answers business value add
what type of value is activities not valued by stakeholders - Answers non value add
what are the 7 classic types of waste - Answers 1. defects
2. movement
3. inventory
4. poor processing
5. waiting
6. over production
7. motion
what are the two types of waste gaining acceptance as lean evolves - Answers 1. underutilized
employee capabilities
2. environmental waste
what is an act or instance of using or expending something carelessly, extravagantly, or to no
purpose - Answers waste
what are the 7 problem solving tools used to eliminate waste - Answers 1. value stream
, mapping
2. standard work
3. mistake proofing
4. changeover reduction
5. root cause analysis
6. visual controls
7. the 5S system
what term means continuous improvement - Answers kaizen
what term means lightning fast - Answers blitz
what term means lightning fast continuous improvement - Answers kaizen blitz
creating the vision of a sustainable organization & defining a lean transformation program as a
strategic initiative are two key responsibilities for who - Answers a leadership team
what term defines the systematic elimination of unsustainable practices - Answers lean and
green
what is the unnecessary or excessive use of resources or a substance released to the air, water,
or land which could harm human health or the environment - Answers environmental waste
what is the most powerful tool for improving value streams - Answers stream mapping
what is the term for moving along in a steady continuous stream - Answers flow
when you don't have flow, you can still leverage pull (T/F) - Answers false
what is the goal for a lean transformation - Answers create a sustainable organization
you work on an assembly line making telephones - what type of value is this - Answers value
add
creating a marketing campaign for the launch of a new service is an example of what type of
value - Answers business value add
you are the project manager for the lean transformation of your organization - what type of
value is this - Answers business value add
you second guess the forecast provided by an optimistic sales person is what type of value -
Answers non value add
what are the 5 principles of lean - Answers 1. specify value
2. identify value streams
3. create flow
4. leverage pull
5. seek perfection
what are the three types of value - Answers 1. value add
2. business value add
3. non value add
what type of value is activities which are necessary for meeting customer requirements -
Answers value add
what type of value is activities which are necessary for meeting other stakeholder requirements
- Answers business value add
what type of value is activities not valued by stakeholders - Answers non value add
what are the 7 classic types of waste - Answers 1. defects
2. movement
3. inventory
4. poor processing
5. waiting
6. over production
7. motion
what are the two types of waste gaining acceptance as lean evolves - Answers 1. underutilized
employee capabilities
2. environmental waste
what is an act or instance of using or expending something carelessly, extravagantly, or to no
purpose - Answers waste
what are the 7 problem solving tools used to eliminate waste - Answers 1. value stream
, mapping
2. standard work
3. mistake proofing
4. changeover reduction
5. root cause analysis
6. visual controls
7. the 5S system
what term means continuous improvement - Answers kaizen
what term means lightning fast - Answers blitz
what term means lightning fast continuous improvement - Answers kaizen blitz
creating the vision of a sustainable organization & defining a lean transformation program as a
strategic initiative are two key responsibilities for who - Answers a leadership team
what term defines the systematic elimination of unsustainable practices - Answers lean and
green
what is the unnecessary or excessive use of resources or a substance released to the air, water,
or land which could harm human health or the environment - Answers environmental waste
what is the most powerful tool for improving value streams - Answers stream mapping
what is the term for moving along in a steady continuous stream - Answers flow
when you don't have flow, you can still leverage pull (T/F) - Answers false
what is the goal for a lean transformation - Answers create a sustainable organization
you work on an assembly line making telephones - what type of value is this - Answers value
add
creating a marketing campaign for the launch of a new service is an example of what type of
value - Answers business value add
you are the project manager for the lean transformation of your organization - what type of
value is this - Answers business value add
you second guess the forecast provided by an optimistic sales person is what type of value -
Answers non value add
