Six Sigma Quality Control

question 27

Multiple Choice

Six Sigma quality control

• A)is a strategy implementer's best, most reliable tool for simultaneously achieving top-notch product quality and low manufacturing costs.
• B)consists 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)consists of a disciplined, statistics-based system aimed at producing not more than 3.4 defects per million iterations for any business process.
• D)consists of a disciplined, statistics-based system aimed at fewer than 5.0 complaints per million customer transactions.
• E)is a powerful tool for companies whose customers are very picky about product quality and product performance and who can't afford for the product they use to break down and require repairs.

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Definitions:

Purely Competitive Market

A market structure characterized by a large number of small firms, homogenous products, and free entry and exit, leading to price taking behavior.

Imperfectly Competitive Market

A market structure where individual sellers have some control over the price of their goods due to lack of perfect competition.

Wage Rate

The amount of compensation an employee receives per unit of time worked, often expressed hourly.

Workers Employ

The act of hiring labor, where businesses or individuals provide jobs to workers in exchange for their services.