How Well a Process Is Able to Meet the Requirements

question 9

Multiple Choice

How well a process is able to meet the requirements set forth by the process design is called

• A) process leeway.
• B) quality of conformance.
• C) quality of performance.
• D) quality of design.

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Definitions:

Minimum Required Rate

The lowest return acceptable on an investment, reflecting the investor's risk appetite and cost of capital.

Net Operating Income

A rephrased description: Operating profit after deducting operating expenses but before interest and taxes.

Operating Assets

Assets that are used by a company in its day-to-day operations to generate revenues, such as buildings, machinery, and equipment.

Minimum Required Rate

The lowest return rate that a project or investment must yield to be considered viable or acceptable.