Once an Entrepreneurial Venture Is Actually Up and Running, the Entrepreneur

question 5

Multiple Choice

Once an entrepreneurial venture is actually up and running, the entrepreneur switches to a ________ role.

• A)managerial
• B)ceremonial figurehead
• C)background
• D)subordinating

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Definitions:

Six-Sigma Quality

A disciplined, data-driven approach and methodology for eliminating defects in any process, aiming for six standard deviations between the mean and the nearest specification limit.

Three-Sigma

A statistical term that represents a range of values within three standard deviations from a mean in a normal distribution, often used to measure quality control.

Defects Cut

A metric or process aiming to reduce the number of defects or errors in a product or process, enhancing quality and performance.

TQM Program

"Total Quality Management" program; an organization-wide effort to infuse quality into every activity through continuous improvement.