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The Goal of _____ Is to Reduce Variability from a Process

question 68

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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.


Definitions:

Corporate Assets

Resources or valuables owned by a corporation, which can include cash, equipment, property, and intellectual property.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights such as voting on corporate matters and receiving dividends.

Board of Directors

Elected by the corporation's shareholders, this assembly is responsible for governance and pivotal decision-making within the company.

Officers

Individuals appointed to manage day-to-day operations and make executive decisions in an organization or corporation, such as CEOs, CFOs, and COOs.

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