Six Sigma ICBB Practice Test - Questions Answers, Page 28
Question list
What dollar amount of savings would a project show if it reduced your outstanding Accounts Receivable by $0.9 million dollars to $3.5 million total and your organization's marginal cost of capital was 5.7%?
Handling of warranty returns, process improvement team meetings and rework to meet customer expectations are all examples of business costs that are classified as ___________ .
The Japanese born function of a Kaizen event utilizes a specific, step-by-step approach meant to bring about major changes to a process.
The primary objective in removal of waste is to improve the Order Production Cycle where the time from _________________ to the time of receipt of payment is compressed.
A Belt rearranged the location of the parts inventory for a rework station locating the most often used parts to be within hand reach of the repair person. This rearrangement resulted in quicker repair times by eliminating one of seven major elements of waste which is the Waste of __________.
Which Element of Waste best describes 'the unnecessary movement of materials and goods'?
The Waste of Overproduction is defined as ______________________.
The English words used for the 5S's are __________ , _____________ , Shining, Standardizing and Sustaining. (Note: There are 2 correct answers).
During the ______________ phase of 5S is when we might implement a Red Tag program.
In a Fishbone Diagram the 6M's stand for Methods, Measurements, Machine, Man, Mother Nature and ____________ .
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