What Is Six Sigma

question 47

Multiple Choice

What is Six Sigma?

• A) a letter in the Greek alphabet that statisticians use to measure process variability
• B) a methodology aimed at reducing the number of defects in a business process
• C) a methodology aimed at reducing the amount of variability in a business process
• D) a methodology aimed at measuring the amount of variability in a business process

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Definitions:

Loanable Funds

Money available for borrowing, which is determined by the savings in the economy plus the money provided by banks and other financial institutions.

Interest Rate

The requisition, as a percentage of the principal, placed by lenders on borrowers for asset use.

Macroeconomics

The study of economy-wide phenomena, including inflation, unemployment, and economic growth.

Consumption

The use of goods and services by households for personal needs or the process of using up resources or goods, leading to a decrease in their availability.