Six Sigma Is a Methodology Designed to Manage Process Variations

question 21

True/False

Six Sigma is a methodology designed to manage process variations that cause defects and to systematically work toward managing variation to eliminate those defects. ​

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Definitions:

Fully Depreciated

A state where an asset's cost has been completely expensed over its useful life, reducing its book value to zero or salvage value.

Machinery

Tangible assets used in operations, such as production or manufacturing equipment, that have a useful life beyond one year.

Amortize

The process of spreading out a loan or an intangible asset cost over a specific period of time for accounting and tax purposes.

Accumulated Depreciation

The total depreciation that has been applied to a fixed asset since it was acquired, representing the loss of value over time.