Question Tag: Value-Adding Activities

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MI – May 2024 – L1 – SA – Q8 – Costing Techniques

Identifies an activity that adds value in a Just-In-Time (JIT) production system.

Question

“Just-In-Time” works on a demand-pull basis and seeks to eliminate all waste and activities that do not add value. Which of the following activities adds value to a product?

A. Inspection time
B. Storage time
C. Processing time
D. Queuing time
E. Transport time

Answer

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Tags: Just-in-Time, Lean Manufacturing, Production Efficiency, Value-Adding Activities
Level: Level 1

Topic: Costing Techniques
Series: MAY 2024

MI – May 2024 – L1 – SA – Q8 – Costing Techniques

Identifies an activity that adds value in a Just-In-Time (JIT) production system.

Question

“Just-In-Time” works on a demand-pull basis and seeks to eliminate all waste and activities that do not add value. Which of the following activities adds value to a product?

A. Inspection time
B. Storage time
C. Processing time
D. Queuing time
E. Transport time

Answer

Find Related Questions by Tags, levels, etc.

Tags: Just-in-Time, Lean Manufacturing, Production Efficiency, Value-Adding Activities
Level: Level 1

Topic: Costing Techniques
Series: MAY 2024

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Question Tag: Value-Adding Activities

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MI – May 2024 – L1 – SA – Q8 – Costing Techniques

Identifies an activity that adds value in a Just-In-Time (JIT) production system.

MI – May 2024 – L1 – SA – Q8 – Costing Techniques

Identifies an activity that adds value in a Just-In-Time (JIT) production system.

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