Answer the following statement(s) true (T) or false (F)
1. The highest level of Six Sigma training is referred to as Black Belt.
2. Check sheets are used to determine the frequencies of specific problems.
3. Pareto charts are used to describe process flow.
4. The DMAIC improvement cycle has been applied to revenue management approaches.
1. False
2. True
3. False
4. True
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A confirmation is used to:
A. verify a representation from a third party. B. verify that a specific trend is correct. C. verify that a control is being observed. D. verify the inventory count is correct.
Once project managers have proven their ________ to upper management, senior management is much more receptive to their challenges and requests.
Fill in the blank(s) with the appropriate word(s).
In a cost-volume-profit graph, the total cost line meets the Y (vertical) axis at the:
a. variable cot/unit point. b. total sales revenues point. c. total fixed costs point. d. total mixed costs point. e. None of the answers are correct.
An unfavorable variance is recorded with a debit because it reflects additional costs higher than the standard cost.
Answer the following statement true (T) or false (F)