The Goal of _____ Is to Reduce Variability from a Process

question 68

Multiple Choice

The goal of _____ is to reduce variability from a process (no more than 3.4 defects per million) in order to avoid errors and increase predictability.

• A) ISO 13485
• B) Total Quality Management
• C) ISO 9000
• D) Six Sigma

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Definitions:

Synthetic Lease

A financing method allowing a company to lease an asset while keeping it off its balance sheet, ensuring both tax advantages and off-balance-sheet financing.

Operating Lease

A contract that allows for the use of an asset but does not convey rights of ownership of the asset.

After-Tax Cost

The actual cost to a company or individual after considering the effects of taxes, often used in evaluating the cost of financing options.

Leasing Analysis

It is the examination of the financial aspects of leasing to determine whether leasing is a more viable option than purchasing.