Which of the Following Is True with Regard to the Process

question 53

Multiple Choice

Which of the following is true with regard to the process capability index?

• A)It is represented by Cp.
• B)The actual capability of the process is inversely related to the process capability index.
• C)It is represented by Pc.
• D)The actual capability of the process is inversely related to customer expectations.

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Definitions:

Bowed Outward

Describes a curve on a graph, typically a production possibility frontier, indicating increasing opportunity costs when shifting resources between two goods.

Opportunity Cost

The cost of choosing one option over another, typically the best alternative forgone as a result of making a decision.

Efficient

Efficiency refers to the optimal production and distribution of resources in a way that best meets the needs and desires of consumers.

Scarce Resources

Natural, human, and capital resources that are limited in supply and can be used for the production of goods and services.