Six Sigma a Particularly Timely Topics in Business Today Because

question 32

Multiple Choice

Six Sigma a particularly timely topics in business today because of the following,except:

• A)It was developed by Motorola
• B)High profile organizations report strong benefits from using it
• C)It can be applied in organizations that produce a tangible output or an intangible service
• D)Nonprofit organizations may apply it as well as for profit companies

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Definitions:

Price Level

Price level indicates the average of current prices across the entire spectrum of goods and services produced in the economy, often compared over time to assess inflation or deflation.

Aggregate Demand Curve

The total demand curve illustrates the overall volume of goods and services the economy requires at various price points.

Investment Demand Curve

A graph showing the relationship between the rate of interest and the total amount of investment demanded by all sectors in the economy.

Market Interest Rate

The prevailing rate at which borrowers can secure loans and lenders receive returns, determined by supply and demand in the money market.