Examlex
Host-based pay is compensation that is equivalent to that earned by employees in the country where the expatriate is assigned, and companies use this method because it is less costly than other methods.
Control Chart
A graphical tool used in process control to track if a process is functioning within predetermined limits over time.
Proportion of Defectives
The fraction or percentage of units in a batch or production lot that are considered to be non-conforming or defective, typically used in quality control and manufacturing processes.
Upper and Lower Control Limits
The thresholds in control charts within which a process is considered to be in control and stable, with the Upper Control Limit being the maximum acceptable limit and the Lower Control Limit the minimum.
Assignable Cause Variation
Variation in a process that is caused by specific, identifiable factors, as opposed to random variation.
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