Which of the Following Is True with Regard to What

question 53

Multiple Choice

Which of the following is true with regard to what a sigma quality level indicates?

• A)It indicates how frequently a process can be expected to deliver products of good quality.
• B)Lower sigma levels of quality mean that product reliability and customer satisfaction are higher.
• C)A low sigma level suggests there is a high defect rate in the process.
• D)A sigma quality level of 8 or higher is acceptable by ISO standards.

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Definitions:

Input Prices

refer to the costs associated with the raw materials and components required for the production of goods and services.

Variable Inputs

Resources used in production that can be adjusted in the short term to change the level of output.

Long Run

A period of time in which all factors of production and costs are variable, allowing firms to adjust to market conditions.

Capital

Assets that are used in the production of goods and services, including physical assets like machinery and buildings, and intangible assets like patents and copyrights.