When Receiving a Shipment from a Supplier, Inspection Must Be

question 10

Multiple Choice

When receiving a shipment from a supplier, inspection must be done to check the fraction of defective products.This is best monitored by which of the following control charts?

• A)x-bar chart
• B)R-chart
• C)p-chart
• D)c-chart

---

Definitions:

Note Payable

A written promise to pay a specified amount of money, typically with interest, at a future date or dates.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not coincide with the calendar year.

Quick Ratio

A liquidity measure that evaluates a company's ability to cover its current liabilities with its most liquid assets, excluding inventory.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of the business.