Six Sigma ______

question 15

Multiple Choice

Six sigma ______.

• A)requires that ±3σ (a total width of 6σ)of the product be within specification
• B)requires that 99.5% of the product be within specification
• C)contains a formalized problem-solving approach called Bayesian approach
• D)contains a formalized problem-solving called the DMAIC process
• E)involves training only production upper- and middle-level managers

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Definitions:

Profit Maximized

The point at which a firm achieves the highest possible profit margin, where marginal revenue equals marginal cost.

Total Cost

The overall expenditure incurred by a company in the production of goods or services, including fixed and variable costs.

Total Revenue

The total income generated from the sale of goods or services by a company.

Profitable One

An entity or venture that generates income exceeding its costs and expenses, thereby yielding a surplus or profit.