The Body of Methodologies and Techniques for Achieving Quality That

question 77

Multiple Choice

The body of methodologies and techniques for achieving quality that focuses on the number of defects is called

• A) Seven Standards.
• B) Six Smith.
• C) Six Sigma.
• D) Seven Severance.

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Definitions:

Capital-Budgeting

The process a business undertakes to evaluate potential major projects or investments, analyzing the prospective inflows and outflows to determine whether they meet a sufficient return on investment.

IRR Method

The Internal Rate of Return (IRR) method is a financial analysis tool used to evaluate the profitability of investments by finding the interest rate at which the net present value of all cash flows (both positive and negative) from a particular project equals zero.

Hurdle Rate

The minimum rate of return on an investment that a manager or company requires before pursuing a project or investment.

Capital-Budgeting

The process by which organizations evaluate potential major projects or investments to determine their cost-effectiveness and alignment with business strategy.