When a Homeowner Improves Some Aspect of His Property Far

question 11

Multiple Choice

When a homeowner improves some aspect of his property far in excess of comparable properties in the neighborhood,he is said to have:

• A) under-improved the property
• B) over-improved the property
• C) reached the point of increasing returns
• D) exceeded the breakeven point

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Definitions:

Six-Sigma Quality

A disciplined, data-driven approach and methodology for eliminating defects in any process, aiming for six standard deviations between the mean and the nearest specification limit.

Three-Sigma

A statistical term that represents a range of values within three standard deviations from a mean in a normal distribution, often used to measure quality control.

Defects Cut

A metric or process aiming to reduce the number of defects or errors in a product or process, enhancing quality and performance.

TQM Program

"Total Quality Management" program; an organization-wide effort to infuse quality into every activity through continuous improvement.