An Opportunity Flow Diagram as Part of a Six Sigma

question 64

Multiple Choice

An opportunity flow diagram as part of a Six Sigma quality improvement process might be found in which DMAIC category?

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

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to trade benefits.

Terms Of Trade

The ratio of a country's export prices to its import prices, affecting the volume of goods a country can import for a given level of exports.

Exchange Rate

The value of one currency expressed in terms of another, determining how much of one currency can be exchanged for another.

Leading Import

The most significant or highest-valued good or service that a country imports from another country.