

Quality & Business Acumen Practice Test 2 Part A
Flashcard
•
Business
•
8th Grade
•
Practice Problem
•
Hard
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17 questions
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1.
FLASHCARD QUESTION
Front
Investment capital does not have a ‘cost’ associated with it since it is used for investing in the future growth of the business. True or False?
Back
False
2.
FLASHCARD QUESTION
Front
Employees of a business do not need to know how the business is doing or what its future is since that is the responsibility of the managers. True or False?
Back
False
3.
FLASHCARD QUESTION
Front
Most of the ideas as to how to make a business successful come from the workers on the ‘floor’.
Back
True
4.
FLASHCARD QUESTION
Front
Shows the uses of cash within the business: Balance sheet, Cash flow statement, Income statement
Back
Cash flow statement
5.
FLASHCARD QUESTION
Front
Quality is a ‘value’ judgement based on the customer’s expectations
Back
True
6.
FLASHCARD QUESTION
Front
Which does I stand for in the DMAIC acronym?
Back
Improves, improve
7.
FLASHCARD QUESTION
Front
Six-Sigma (DMAIC) is only practiced on high speed production lines:
Back
False
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