Motorola Set for Itself a Difficult Quality Goal of 3

question 57

True/False

Motorola set for itself a difficult quality goal of 3.4 defects per million parts.This is the numerical equivalent of six-sigma limits.

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Definitions:

Owner's Drawings

Funds taken out of a business by the owner in a sole proprietorship or partnership for individual purposes.

Capital Account

An account showing the net worth of a business at a specific point in time, comprised of the owner's equity, investments, and retained earnings.

Correcting Entry

A journal entry made to amend a previously recorded incorrect transaction in the financial records.

Accounts Receivable

Refers to the money owed to a company by its customers for goods or services sold on credit.