Failure Mode and Effect Analysis Is Used in Six-Sigma Projects

question 64

Multiple Choice

Failure mode and effect analysis is used in six-sigma projects.It involves which of the following?

• A)Closely examining each rejected part to determine the cause
• B)A careful sampling plan
• C)Calculating a risk priority number for each possible failure
• D)Reporting the effect each failure has had on a customer
• E)Multivariate testing

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Definitions:

Statement of Stockholders' Equity

A financial document that shows changes in the value of shareholders' equity in the company over a specific period.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits via dividends.

Retained Earnings

Profits generated by a company that are not distributed to shareholders as dividends but are instead reinvested in the business or held for future use.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets over its current liabilities.