All of the Following Are Important Elements of Process Capability

question 100

Multiple Choice

All of the following are important elements of process capability except ________.

• A)the design specifications
• B)the centering of the process
• C)the range of variation
• D)the control limits

---

Definitions:

Year-end Balance

The total amount of money in an account or on the financial statements at the conclusion of the fiscal year.

Compounded Monthly

Interest on an investment or loan calculated each month on both the initial principal and the accumulated interest from previous months.

Effective Annual Interest Rate

The effective annual interest rate considers the effects of compounding, providing a true reflection of the annual cost of borrowing over a year.

Compounded Monthly

Compounded monthly refers to the way interest is calculated on an investment or loan, with the interest added to the principal each month so that subsequent interest is earned on an increasingly larger base.