The P-Chart Tells Us Whether There Has Been a

question 104

Multiple Choice

The p-chart tells us whether there has been a

• A) gain or loss in dispersion
• B) change in the percent defective in a sample
• C) change in the central tendency of the process output
• D) change in the number of defects in a sample
• E) none of the above

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Definitions:

Proprietorship

A business structure owned by a single individual, where the owner and the business are legally treated as the same.

Basic Accounting Equation

Assets equal liabilities plus equity; the foundational equation in accounting expressing the principle of balance in a firm's financial position.

Owner's Equity

The remaining value of a company's assets after all liabilities have been subtracted, indicating the stake of ownership in the enterprise.

Assets

Economic resources or owned valuables that are expected to provide future benefits to a business.