R-Charts Are ________ If the Calculations Are Done Manually by a Process

question 80

Multiple Choice

R-charts are ________ if the calculations are done manually by a process worker on the factory floor.

• A)more accurate than charts based on the standard deviation
• B)more useful than x-charts
• C)the only way to determine if a process is under control
• D)easy to construct and use

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Definitions:

Monopolistically Competitive

Refers to a market structure where many firms sell products or services that are similar but not perfect substitutes, with some ability to set prices.

Excess Capacity

The situation in which a firm or economy can produce more goods than are currently being produced, due to underused resources.

Diseconomies of Scale

Increases in cost per unit when output increases, often due to inefficiencies that arise with too large an operation.

Monopolistic Competition

A market structure characterized by many firms selling differentiated products with no perfect substitutes, allowing for some degree of market power.