The Program Which Incorporates the Statistical Approach of Six Sigma

question 49

Multiple Choice

The program which incorporates the statistical approach of Six Sigma with the lean manufacturing program originally developed by Toyota is known as

• A) reengineering.
• B) Lean Six Sigma.
• C) job enlargement.
• D) just-in-time.
• E) flexible manufacturing.

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before deducting selling, general, and administrative expenses.

Net Income

The net income of a company, which is calculated by deducting all costs and taxes from the total revenue.

Incidental Costs

Minor or secondary costs that are associated with purchasing or manufacturing a product but not directly allocable to production costs.

Merchandise Inventory

Goods available for sale to customers, categorized as a current asset on a company's balance sheet.