Six Sigma Is Based on a Five-Step Methodology Referred to As

question 136

Multiple Choice

Six Sigma is based on a five-step methodology referred to as:

• A) continuous improvement.
• B) DMAIC.
• C) kaizen.
• D) DAID.
• E) benchmarking.

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Definitions:

Inventory

The total amount of goods and materials held in stock by a business, part of the company's current assets.

Seasonal Peaks

Periods within a year marked by a higher than average demand, sales, or activity in certain industries due to seasonal factors.

Temporary Working Capital

Funds a company temporarily needs to cover its short-term obligations.

Permanent Working Capital

The minimum amount of working capital a company needs to sustain its daily operations continuously.