FMEA is a process in product development and is used in managing operations by analysis of potential failure modes within a system

A systematic assessment of a company's performance in implementing socially responsible programs is called a blended value audit

Indicate whether the statement is true or false.

A company that is interested in determining which of three prices to charge for its products has test marketed the product in three cities, each time using a different price for the product. The number of products sold in the first week is recorded

In this case, the data are considered to have been collected using an experiment. Indicate whether the statement is true or false