Examlex
Which of the following types of control charts would be most appropriate if the data that we are dealing with is binary in nature (good/bad,pass/fail,accept/reject) ?
Good Faith
An honest intent to act without taking an unfair advantage over another party, often highlighted in contracts and negotiations.
Ordinary Care
The level of diligence and caution that an average person exercises and is expected to exercise in a specific situation.
Altered Amounts
A term related to the unauthorized modification of the numerical value, conditions, or specifications recorded in a financial document or instrument.
Customer's Negligence
Refers to situations where a customer fails to exercise reasonable care, leading to loss or damage.
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