For the Process to Be Capable of Meeting Design Specification

question 73

Multiple Choice

For the process to be capable of meeting design specification the process capability index must be

• A)less than one 1.0)
• B)equal to or greater than one 1.0)
• C)smaller than Six Sigma
• D)larger than Six Sigma

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Definitions:

Accounts Payable

Money owed by a company to its creditors for goods and services that have been delivered or used but not yet paid for.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Net Income

The total earnings or profit of a company after subtracting all expenses, including taxes, interest, and operating expenses, from total revenue.

Merchandise Purchases Budget

A financial plan that estimates the cost of goods a business needs to purchase to meet its sales goals and maintain inventory levels.