Which of Crosby’s Absolutes of Quality refers to the idea of using SPC techniques to prevent quality problems?
a. The definition of quality is conformance to requirements
b. The performance standard is zero defects
c. The system of quality is prevention
d. The measure of quality is the price of nonconformance
c. The system of quality is prevention
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What is required in order for a court to issue an injunction?
A) A showing that the party requesting the injunction would suffer irreparable injury without the injunction B) Any breach of contract that causes injury to the other party will justify an injunction C) Any situation that entitles the award of specific performance D) Proof that the party requesting the injunction would win any breach of contract lawsuit E) Any breach of contract will justify an injunction
In an assignment for the benefit of creditors, if each creditor is paid a pro rata share of his original obligation, the debtor is then discharged from any further obligation to the creditor
a. True b. False Indicate whether the statement is true or false
The Six Sigma improvement model can be applied both to projects involving incremental improvements to processes and to projects requiring major changes
Indicate whether the statement is true or false
Some investment projects require that a company increase its working capital. Under the net present value method, the investment and eventual recovery of working capital should be treated as:
A. irrelevant to the net present value analysis. B. both an initial cash outflow and a future cash inflow. C. a future cash inflow. D. an initial cash outflow.