Failure Mode Effect Analysis Is Best Described as _________

question 17

Multiple Choice

Failure Mode Effect Analysis is best described as _________.

• A)a quality scheme for building a failure free product or process.
• B)a descriptive tool for analyzing measurement data and identifying failures.
• C)a new approach to identifying potential failures.
• D)a methodology for identifying the potential negative outcomes related to the failure of a specific product or process.
• E)an approach to business making which minimizes failures through quality circles

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Definitions:

Monthly Fixed Cost

Regular expenses that do not vary with production level or sales volume, incurred on a monthly basis.

Variable Manufacturing Cost Per Unit

The total variable costs involved in manufacturing a product, divided by the number of units produced.

Overhead Cost

Expenses related to the operation of a business that cannot be directly tied to a specific product or service, such as rent and utilities.

Setups

The process or cost of configuring machinery or equipment to change from producing one product to another.