Examlex
Managerial accounting is highly regulated by rules and regulations.
OC Curve
Operating Characteristic Curve; it's a graphical representation used in statistical quality control to show the probability of accepting lots or batches of items based on their quality.
AOQ Curve
A graphical representation depicting how the Average Outgoing Quality changes in relation to the fraction of products inspected or the effectiveness of the screening process.
Population Defective Rate
A measure in quality control that indicates the percentage of items in a population that are considered to be defective.
Tolerance Limit
The maximum and minimum allowable limits within which a product or service's characteristics must fall to be considered acceptable.
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