_____ Is the Ability of a Process to Generate Outputs

question 42

Multiple Choice

_____ is the ability of a process to generate outputs that meet engineering specifications and/or customer requirements and "refers to the normal behavior of a process when operating in a state of statistical control."

• A)Process optimization
• B)Six Sigma
• C)Supplier certification
• D)Quality at the source
• E)Process capability

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Definitions:

Short-term Creditor

An entity or individual that lends money with the expectation of repayment within a short period, typically within a year.

Acid-test Ratio

A financial metric that measures a company's ability to pay its current liabilities with its most liquid assets, excluding inventory.

Asset Turnover

A measure of how efficiently a company uses its assets to generate sales; computed by dividing net sales by average total assets.

Price-earnings Ratio

A valuation metric for stocks, calculated by dividing the market price per share by the earnings per share.