Statistical Process Control Charts

question 119

Multiple Choice

Statistical process control charts

• A) display the measurements on every item being produced.
• B) display upper and lower limits for process variables or attributes, and signal when a process is no longer in control.
• C) indicate to the process operator the average outgoing quality of each lot.
• D) indicate to the operator the true quality of material leaving the process.
• E) display the measurements on every item being purchased.

---

Definitions:

Cumulative Feature

A characteristic of preferred stock that entitles shareholders to receive dividends that were omitted in the past before any dividends can be issued to common stockholders.

Preemptive Right

A shareholder's right to maintain their proportionate ownership by buying additional shares before they are offered to the public.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which does not necessarily match the market value.

Legal Capital

The minimum amount of capital that a company is required to maintain by law, often to protect creditors from the company's potential losses.