Examlex
Which of the following is both a supply-side and a fiscal policy tool during a recession?
Average Outgoing Quality Level
The expected quality level of a product batch as it leaves the production process or facility, often used in quality control processes.
AOQ
Average Outgoing Quality, a measure in quality control that represents the average quality level of the outgoing product after inspection and rectification processes.
AQL
Stands for "Acceptable Quality Level," a statistical measure used in quality control to determine the maximum number of defective units considered acceptable in a sample.
LTPD
Lot Tolerance Percent Defective; the highest defect rate that can be considered acceptable during the random sampling of a lot for acceptance testing.
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