Define Six Sigma, and Explain the Key Concepts Used to Implement

question 73

Essay

Define Six Sigma, and explain the key concepts used to implement a Six Sigma quality initiative.

---

Definitions:

Owner Investments

Owner investments, also known as owner contributions, refer to money or other assets that owners put into their business for its use.

Revenues

The total income generated from normal business operations and other activities before any expenses are subtracted.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

Liabilities

Financial obligations or debts owed by a business to outsiders, such as loans, accounts payable, or bonds.