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The Quality Manager for Microelectronics,Inc.is concerned about the quality of the batch of several thousand IC's (integrated circuits) which his company is about to ship.If he uses an acceptance sampling plan of n = 20 and c = 1,what is the probability that,if this batch is 15% defectives,it will be rejected and completely inspected prior to shipment?
Limited Liability Corporation
A commercial setup that blends the taxation approach of a partnership or sole proprietorship, where taxes pass directly to the owners, with the limited liability protection typical of a corporation.
Liability Purposes
Considerations or actions taken to minimize legal responsibility and financial risk within an organization or personal activities.
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A legal entity recognized by law as a separate entity from its owners, characterized by limited liability, perpetual succession, and the ability to raise capital through the issuance of shares.
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A business arrangement legally recognized, where two or more partners collaborate in managing the business and splitting the profits.
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