The process capability index ______.
A. shows whether a process is capable or not
B. may need to be supplemented by the Pareto chart
C. is similar to the cause-and-effect diagram
D. shows the costs of noncompliance with government regulations
A. shows whether a process is capable or not
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When people say average, they usually intend to indicate the __________, or arithmetic average
A) mean B) mode C) median D) margin
Regular production costs $25 per unit and selling a unit represents a cash inflow of $30 per unit. Assume that all units reflected on the forecast will be sold. What is the cumulative net cash flow at the end of April?
Month Forecast Regular Production January 250 250 February 200 200 March 300 300 April 400 400 What will be an ideal response?
Offering quality products that command a premium price, providing superior customer service, having the lowest production costs and lower prices, or dominating channels of distribution are ways of
A. creating market space. B. achieving a competitive advantage. C. establishing a marketing stub. D. practicing bait-and-switch marketing. E. practicing cross-merchandising strategy.
The nominal group technique employs all of the following except:
A. A structured group meeting B. One person who acts as the recorder C. Verbal brainstorming D. Group voting on or ranking of ideas