The Six Sigma Process of Define,measure,analyze,improve,and Control (DMAIC)is

question 28

Multiple Choice

The Six Sigma process of define,measure,analyze,improve,and control (DMAIC) is

• A) an improvement system for existing processes falling below specification and needing incremental improvement.
• B) an improvement system used to develop new processes or products at 100% defect-free levels.
• C) a system of statistical procedures for achieving 100% control over how a task is performed.
• D) an improvement system used to develop new processes or products at Six Sigma levels.
• E) a system of statistical procedures for eliminating 100% of the variability in how a task is performed.

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Definitions:

Supply Function

An equation or curve demonstrating the quantity of a product that suppliers are willing to produce and sell at various price points, considering other factors constant.

Price Floor

A minimum price set by the government or a regulatory body, below which a good or service cannot legally be sold.

Price Floor

A government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service.

Supply Function

A mathematical relation showing the amount of goods a supplier is willing and able to provide to the market at various prices, holding all other factors constant.