Ensuring That the Implemented Changes Are Sustained Occurs at What

question 51

Multiple Choice

Ensuring that the implemented changes are sustained occurs at what stage of the DMAIC process?

• A) Analyze
• B) Control
• C) Define
• D) Improve

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Definitions:

Capital Lease

A lease agreement that is classified as a purchase by the lessee for accounting purposes because it meets certain criteria, such as transfer of ownership by the end of the lease term.

Operating Lease

A lease agreement for property or equipment that is considered a rental and is not recorded as an asset on the company's balance sheet.

GAAP

Generally Accepted Accounting Principles, a collection of commonly followed accounting rules and standards for financial reporting in the United States.

Lease Classification

The process of categorizing leases as either operating leases or finance (capital) leases based on criteria that affect the lessee's financial statements.