3M Implemented the Six Sigma Process That Focuses on Specific

question 59

True/False

3M implemented the Six Sigma process that focuses on specific events rather than system-wide causes of problems.This is a positive example of a learning organization.

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Definitions:

Voucher System

An internal control mechanism in accounting that involves the use of vouchers to record transaction details prior to disbursement of funds.

Account Payable

Money owed by a company to its suppliers or creditors for goods or services received, considered a current liability on the balance sheet.

Creditor

An entity (could be a person, organization, government body) to whom money is owed by the debtor for providing a loan, goods, or services on credit.

Bank Memos

Notices from a bank that make adjustments to a company's bank account balance, often for fees, interest payments, or corrections.