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What is commonly an important element in any improvement methodology?
- 🧠 ANSWER ✔✔communication
In today's business environment, application of lean principles is
_________ - 🧠 ANSWER ✔✔a strategic weapon
What size is usually needed for a sample size to be considered credible or
statistically significant? - 🧠 ANSWER ✔✔30
,Aside from a terrorist act, or catastrophic technical problem, a commercial
plane crash is invariably errors of? - 🧠 ANSWER ✔✔teamwork and
communication
A six sigma organization strives to have what percent of events fall within
six sigma? - 🧠 ANSWER ✔✔99.9997%
What are the 5 S's in the 5s methodology? - 🧠 ANSWER ✔✔Sort
Set in order
Shine
Standardize
Sustain
What is the most common type of data distribution? - 🧠 ANSWER
✔✔normal distribution
Edwards Deming is best known for - 🧠 ANSWER ✔✔TQM
In the book "The Goal," Goldratt introduced the concept of _________ - 🧠
ANSWER ✔✔TOC (theory of constraints)
, In the context of this class, inventory in a production line is always a good
thing - 🧠 ANSWER ✔✔It depends
The reason (or more likely reasons) Joe Flom became widely successful
was because... - 🧠 ANSWER ✔✔He practiced his skills (M&A) in relative
anonymity and then the market changes and his services were in high
demand
Chris Langan won how much money on 1 vs 100 - 🧠 ANSWER
✔✔$250,000
According to Gladwell, which of the following statements is most true
regarding intelligence? - 🧠 ANSWER ✔✔a minimum intelligence level
(around 120) is required to succeed, then other factors begin to have more
weight
the Bible, without vision, people will _________ - 🧠 ANSWER ✔✔perish
Significant wealth is often determined by... - 🧠 ANSWER ✔✔-being born
into the right family
-being born in the right year(s)
-being born with sufficient IQ
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