Which One of the Following Statements Is True Concerning Lean

question 3

Multiple Choice

Which one of the following statements is true concerning Lean Six Sigma?

• A)Lean principles focus on advanced statistical methods.
• B)Lean principles have been developed over a sixty year plus period of time.
• C)Lean principles include the 5Ss framework and practices.
• D)Six Sigma and lean principles are not related-they are separate bodies of knowledge.

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Definitions:

Straight-Line Method

A method of calculating depreciation or amortization by evenly distributing the cost of an asset over its useful life.

Premium on Bonds Payable

The excess amount over the face value for which a bond is sold, indicating that it was issued at a higher rate than its nominal value.

Discount on Bonds Payable

The difference by which a bond's market price is less than its principal amount or face value, effectively increasing the bond's yield.

Straight-Line Method

A method of depreciation where an asset's cost is evenly allocated over its useful life.