Which of the Following Techniques Are Used for Continuous Improvement

question 11

Multiple Choice

Which of the following techniques are used for continuous improvement?

• A) Pareto charts.
• B) Cause-and-effect diagrams.
• C) Process control charts.
• D) All of the above

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Definitions:

Capital Rationing

The process by which a company or organization allocates limited capital resources among various possible projects or investments.

Financial Resources

Assets in the form of money or other valuables that individuals or organizations can use to conduct transactions or invest.

NPV

Net Present Value represents the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Net Present Value

A financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period of time.