Six Sigma Programs

question 9

Multiple Choice

Six Sigma programs:

• A) utilize advanced statistical methods to improve quality by reducing defects and variability in the performance of business processes.
• B) consist of a disciplined,statistics-based system aimed at producing not more than 2.5 defects per million iterations for a manufacturing or assembly process.
• C) are based on three principles: (1)all work is a statistically controllable process;(2)no well-controlled process allows variability;and (3)defect-free work requires tight statistical controls.
• D) suggest that all activities can be controlled,employee empowerment is the best control tool,and 100 percent control is possible.
• E) All of these.

Compute the impact of changes to working capital on the financials of a project.

Explain the concept of opportunity cost in the context of capital budgeting decisions.

Understand how terminal values and growth assumptions influence project evaluation.

Identify sunk costs and their irrelevance to future financial decisions.

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