The best definitions of input, output and processing are as follows:
- Input refers to the resources that are used up in production to create further value, finished goods, or more input for further processing.
- Processing is the intervening activity that changes the input to output.
- Output is the product of processing input or resources. Output is typically the finished outcome from a processing activity.
<h3>What is the relationship between input, output, and processing?</h3>
Processing is at the center of input and output.
Processing involves changing, manipulating, or transforming input resources into output or finished products.
Thus, the definitions of input, output and processing are as given above.
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Answer:
1) True
2) D. Total fixed costs
Explanation:
1) The manager's evaluation should be based on a flexible budget, so the statement is true.
The standard quantity of direct materials used should be based on actual production for a correct variance analysis.
2
) Total fixed costs remains the same when comparing a flexible budget to a master budget.
Total fixed costs do not change in total within relevant range of production.
Answer:
The term has two distinct meanings–one is statistical; the other is a comprehensive quality system.
Explanation:
Here, the point fact states that it will take a six standard deviation from the mean for an error to happen.
Six Sigma evolved to define numerous ideas within the business sphere and is sometimes confusing. Firstly, it's a statistical benchmark. Any business process, which produces less than 3.4 defects per 1 million chances is said to be efficient. A defect is anything produced outside of consumer satisfaction. Second, it is a training and certification program, which teaches the core principles of Six Sigma. Practitioners may achieve the Six Sigma certification belt levels, ranging from white belt to black belt. Finally, it's a philosophy, which promotes the idea that all business processes can be measured and optimized.
