Six Sigma

question 17

Multiple Choice

Six Sigma:

• A) Is only applicable if a process is repetitive.
• B) Is an offshoot of the 5-S program.
• C) Is an award sponsored by the Malcolm Baldridge Foundation.
• D) Is about more than measurement of parts production.

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Definitions:

Balance Sheet

A financial statement that shows what the company owes, what it owns, including the shareholder’s stake, at a particular point in time.

Cash Conversion Cycle

A metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Production and Sales Process

The combined sequence of operations involved in manufacturing goods and selling them to customers.

Days Sales Outstanding (DSO)

A measure of the number of days that it takes to collect on accounts receivable.