The Six Sigma Methodology

question 36

Multiple Choice

The Six Sigma methodology

• A) is used to compare and benchmark the performances of competing firms.
• B) gives more importance to productivity than product quality.
• C) is a direct descendant of the total quality management philosophy.
• D) says that at six sigmas, there would be only 3.4 defects per million units.

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Definitions:

Transposition Error

A mistake made when two digits within a number are mistakenly reversed during data entry or calculation.

Slide Error

A mistake made when data is incorrectly shifted in a spreadsheet or financial analysis, often resulting in significant inaccuracies.

Trial Balance

A trial balance is a report listing the balances of all ledger accounts at a point in time, used to verify that the sum of debits equals the sum of credits in the accounting system.

Journal Entries

Recorded transactions in the financial books of a business, marking debits and credits in accounts affected by financial events.