In Process Improvement Efforts, the Goal Is to First Remove

question 30

True/False

In process improvement efforts, the goal is to first remove the common cause variation and then to reduce the special cause variation in a system.

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Definitions:

Financial Statement Income

The income reported by a company on its financial statements, which includes revenues, expenses, gains, and losses.

Domestic Corporation

A corporation that is incorporated under the laws of the country in which it is doing business.

Taxable Income

The portion of income subject to taxes after adjustments, deductions, and exemptions are applied to gross income.

FMV

The fair market value, or the price that property would sell for on the open market between a willing buyer and a willing seller.