Failure Mode and Effect Analysis Is Used in Six Sigma

question 58

Multiple Choice

Failure mode and effect analysis is used in Six Sigma projects. It involves which of the following?

• A) Closely examining each rejected part to determine the cause
• B) A careful sampling plan
• C) Calculating a risk priority number for each possible failure
• D) Reporting the effect each failure has had on a customer
• E) Multivariate testing

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Definitions:

Master Budget

The master budget is a comprehensive financial planning document that consolidates all of a company's individual budgets, outlining its financial goals and plans.

Merchandising Company

A type of business that purchases finished goods for resale, making profits by selling these products at higher prices than their purchase costs.

Purchases Budget

A financial plan that estimates the cost and amount of goods or materials a company needs to buy over a specific period to meet its operational goals.

Sales Budget

A detailed projection of a company's sales for a future period, typically broken down by product line, region, or sales team.