In a Six Sigma process, a defect is ______.
A. anything that falls outside of customer specifications limits (USL and LSL)
B. something that occurs less than 99.9997% of the time
C. anything that does not meet government regulations
D. anything that does not meet ISO requirements
A. anything that falls outside of customer specifications limits (USL and LSL)
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The budgetary unit of an organization which is led by a manager who has both the authority over and responsibility for the unit's performance is known as a:
A) control center B) budgetary area C) responsibility center D) managerial department
Innovative Inc is experiencing a boom for the products it has introduced recently. The estimated annual sales projected for the next five years are given in the following table. The current capacity is equivalent to only $100 million sales
The company is considering the alternative of expanding capacity to an equivalent of $250 million sales. Assume a 25 percent pretax profit margin. What is the increase in total pretax cash flow (summed over all years) that would be enjoyed because of the expansion? Year Annual Sales (in $ million) 1 100 2 140 3 170 4 200 5 250 A) less than or equal to $40 million B) more than $40 million but less than or equal to $70 million C) more than $70 million but less than or equal to $100 million D) more than $100 million
Seasonal discounts tend to smooth out sales during the year and therefore permit year-round operation.
Answer the following statement true (T) or false (F)
An incontestability clause gives insurance companies a statutory period of time to pay the claims suffered by the insured
Indicate whether the statement is true or false