A Six Sigma (6σ)approach to Quality

question 25

Multiple Choice

A six sigma (6σ) approach to quality:

• A)means there are no more than 25 defects per million opportunities.
• B)was developed by Japanese companies in the 1950s.
• C)has no connection to the concept of zero defects.
• D)focuses on preventing defects by using data to reduce variation and waste.
• E)has soft goals such as happier customers and employees.

Recognize the mechanisms for enforcement and compliance under environmental laws, including the imposition of fines and criminal penalties.

Understand the role of environmental impact statements and assessments in federal actions.

Apprehend the significance of regulatory innovations like the bubble concept, SIPs, and technology-based standards in pollution control.

Acknowledge the role of governmental bodies and regulations in addressing and mitigating environmental damage.

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Definitions:

Operating Decisions

Decisions that relate to the day-to-day operations of a business, affecting its operational efficiency and cost structure.

AASB 128

A standard issued by the Australian Accounting Standards Board outlining the accounting for investments in associates and setting the requirements for the application of the equity method.

Note Disclosure

Information provided in the financial statements that gives additional context and detail to the figures presented in the main statements.

Rationale

The underlying reason or logic behind a decision, practice, or theory.