The Focus of Lean Six Sigma Is on Removing Non-Value

question 70

True/False

The focus of Lean Six Sigma is on removing non-value added steps and waste which can exist in any part of an organization.

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Definitions:

Inflation Rate

The inflation rate measures how much the general level of prices for goods and services is rising, and, subsequently, how purchasing power is eroding over time.

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points, often used to quantify the risk associated with a particular investment or portfolio.

Gold Stock

Shares in gold mining companies or in exchange-traded funds or instruments that invest in gold.

Good Economy

A state of economic prosperity characterized by high employment, steady growth, and controlled inflation.