Quality & Business Acumen Practice Test 1 Part A

Front

Capital is another word for the money it takes to run a business and invest in its future.

Back

True

Front

B4T is the acronym for showing the profit of a business before the taxes are taken out.

Back

False

Front

A large inventory is a sign of a healthy business.

Back

False

Front

Competition in business is good for the consumer since it drives down the prices for the same quality of goods.

Back

True

Front

Reports a company’s inflow and outflow of cash

Back

Cash flow statement

Front

Shows a company's profit over a period of time.

Back

Income statement

Front

What is the minimum acceptable rate of return called?

Back

MARR

Front

Quality is a measure on how well a product is defined and produced. True or False?

Back

True

Front

Only management has the responsibility for reaching quality expectations:

Back

False

Front

Which does A stand for in the DMAIC acronym?

Back

Analyze, analyzes