Answer the following statements true (T) or false (F)
1) The letter "I" in the Six Sigma acronym DMAIC stands for Improve.
2) As per the Risk and Return evaluation matrix for Six Sigma projects, projects that are home runs have a high risk and high return factor.
3) Waste of excess capacity is one of the seven wastes identified by Shigeo Shingo in a process.
4) The wastage due to overproduction is known as kaizen.
5) Kanban is a statistical tool used for quality management and process improvement.
1) TRUE
2) FALSE
3) FALSE
4) FALSE
5) FALSE
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Within the make payment process, the three sub-processes are "Prepare proposed payments," "Select and record payments," and "Issue and record disbursements."
Indicate whether the statement is true or false
The small average transaction size, high theft rate, and the need to constantly maintain vending machines contribute to which of the following characteristics of vending machines?
a. the need for high gross profit margins on items sold b. the search for economies of scale c. the need to make vending machines that can be sold throughout the world d. the need to create vending machines that can be programmed
Preferred stockholders must receive their stated dividends prior to the distribution of any earnings to common stockholders and bondholders
Indicate whether the statement is true or false
The specific identification method is a method an S corporation may use to allocate its income across short tax years that result from an involuntary S election termination.
Answer the following statement true (T) or false (F)