The "sigma" in the term "six sigma quality" refers to Greek letter used to designate the estimated standard deviation or variation in a process. The higher the sigma level, the ________ and the higher the quality.

A) higher the amount of variation
B) lower the quotient of indeterminacy
C) higher the index of deviation
D) lower the amount of variation
E) higher the quotient of indeterminacy


D) lower the amount of variation
Explanation: Sigma is the Greek letter used to designate the estimated standard deviation or variation in a process. The higher the sigma level, the lower the amount of variation and the higher the quality. The product defects analyzed can include anything that results in customer dissatisfaction—for example, late delivery, wrong shipment, and poor customer service as well as problems with the product itself.

Business

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During August, Boxer Company sells $363,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 4% of the selling price. The warranty liability account has a credit balance of $13,500 before adjustment. Customers returned merchandise for warranty repairs during the month that used $10,100 in parts for repairs. The entry to record the customer warranty repairs is:

A. Debit Warranty Expense $11,120; credit Estimated Warranty Liability $11,120. B. Debit Estimated Warranty Liability $14,520; credit Parts Inventory $14,520. C. Debit Warranty Expense $14,520; credit Estimated Warranty Liability $14,520. D. Debit Warranty Expense $10,100; credit Estimated Warranty Liability $10,100. E. Debit Estimated Warranty Liability $10,100; credit Parts Inventory $10,100.

Business

The Stafford Corporation payroll for the first week in March was $35,000 . The amount of income tax withheld was 15 percent and the FICA, state unemployment, and federal unemployment tax rates were 8 percent, 5 percent, and 1 percent, respectively. Calculate the amount of the employer's payroll taxes

a. $4,900 b. $5,250 c. $8,050 d. $4,550

Business

A contract in which a party assumes a secondary obligation must be in writing to be enforceable.

Answer the following statement true (T) or false (F)

Business

Considering the following two-person game, the value of the game (if played many times) is

Y1 Y2 X1 6 3 X2 2 8 A) 19.00. B) 4.75. C) 4.67. D) Unable to be computed, as the ? was not given.

Business