Free Financial CBM Exam Questions (page: 6)

What clearly separates the vital few from the trivial many and provides direction for selecting projects for improvement?

  1. Upgrading analysis
  2. Expansion decision
  3. Restitution analysis
  4. Pareto analysis

Answer(s): D



A Pareto diagram is a histogram of the data from the smallest frequency to the largest.

  1. True
  2. False

Answer(s): B



An approach for mistake-proofing processes using automatic devices or methods to avoid simple human or machine error is called:

  1. Xeron-savvy
  2. Alex-degrade
  3. Poka-yoke
  4. Zulex-crew

Answer(s): C



Which of the following s NOT the category of quality costs?

  1. Training cost
  2. Prevention cost
  3. Internal cost
  4. Appraisal cost

Answer(s): A



Costs that are associated with efforts to ensure conformance to requirements, generally through measurement and analysis of data to detect non-conformances are called:

  1. Appraisal costs
  2. Prevention cost
  3. Internal cost
  4. Training cost

Answer(s): A



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