Failure Mode and Effects Analysis (FMEA) Is

question 3

Multiple Choice

Failure mode and effects analysis (FMEA) is

• A) a software system that uses computer graphics to assist in designing products.
• B) a systematic approach for analyzing the causes and effects of the product failures.
• C) a visual method for analyzing the interrelationships among failures.
• D) a structured process that translates the voice of customer into technical design requirements.

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Definitions:

Preferred Stock

A class of stock that carries with it the right to receive payment of dividends and/or the distribution of assets on the dissolution of the corporation before other classes of stock receive their payments.

Dividends

Net profits, or surplus, set aside for shareholders.

Dissolution

A change in the relation of partners caused by any partner ceasing to be associated in the carrying on of the business.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.